Key crypto bills, including the GENIUS and CLARITY Acts, failed a House vote during “Crypto Week.” Regulatory uncertainty continues to shape crypto markets, despite Trump’s push for digital asset leadership.
The U.S. House rejected a procedural vote (196-223) on July 15, 2025, stalling the GENIUS Act (stablecoin regulation), CLARITY Act (market structure), and Anti-CBDC Surveillance Act, per CryptoSlate. Thirteen Republicans, including Rep. Marjorie Taylor Greene, opposed the bundling with defense spending, per Decrypt.
President Trump met with 11 dissenting Republicans, securing their support for a re-vote on July 16, per Truth Social. However, concerns persist that the GENIUS Act could enable CBDCs, despite anti-CBDC provisions, as noted by Komodo Platform’s Kadan Stadelmann.
“The GENIUS Act risks turning stablecoins into de facto CBDCs,” Stadelmann told Decrypt, warning of regulatory overreach. Bitwise’s Matt Hougan countered, stating that passing these bills could reduce crypto’s volatility by curbing offshore risks, per their Monday report.
Democrats, led by Rep. Maxine Waters, argue the bills could enable fraud, while DeFi experts warn the CLARITY Act may stifle innovation by favoring centralized players, per Decrypt. The Senate’s 68-30 approval of the GENIUS Act suggests bipartisan support, but House resistance remains a hurdle.
A successful re-vote could advance the bills by July 17, enabling floor debates. However, ongoing concerns about CBDCs and DeFi restrictions may delay or reshape the legislation, impacting market sentiment.
“Crypto’s volatility and past 70%+ drawdowns have kept institutions on the sidelines,” Bitwise noted, emphasizing the need for regulatory clarity to stabilize markets.
The stalled bills highlight the complex balance between innovation and oversight, with Trump’s push for crypto leadership facing resistance from both sides of the aisle.
Based on reporting from CryptoSlate, Decrypt, and CoinDesk
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