Former U.S. President Donald Trump declared Tuesday that House Republicans who earlier blocked key cryptocurrency regulatory bills reversed their stance following White House discussions and will now support advancing the legislation.

"Meeting in the Oval Office with 11 of the 12 Congressmen needed to pass the GENIUS Act. After discussion, they all agreed to vote for the Rule tomorrow morning," Trump posted on Truth Social. He noted House Speaker Mike Johnson joined the meeting and "looks forward to voting as soon as possible."

This marks a dramatic reversal for the Trump-backed legislation, which faced uncertainty just hours earlier after failing to clear a crucial procedural hurdle. The bills required House approval of debate rules before advancing—a Tuesday vote unexpectedly failed 196-223, with 13 Republicans joining Democrats to halt progress.

The outcome proved particularly surprising given broad prior expectations of passage. During what was dubbed "Crypto Week," this procedural defeat represented a rare instance of House Republicans defying Trump's influence, at least temporarily. The abrupt shift among opponents by Tuesday evening underscored Trump's continued grip on GOP conference dynamics.

Cryptocurrency-linked stocks tumbled following the failed vote. Stablecoin issuer Circle slid over 7%, Coinbase dropped more than 4%, and digital asset firm MARA Holdings declined over 2%.

Three bills now hang in the balance, including the GENIUS Act—which cleared the Senate last month with bipartisan Democratic support—aimed at regulating stablecoins. The CLARITY Act would establish whether digital assets qualify as securities under SEC oversight or commodities under CFTC jurisdiction. A third proposal would block the Federal Reserve from creating a central bank digital currency.