House GOP Fails to Advance Crypto Week Bills, GENIUS Act in Jeopardy

BE[IN]CRYPTO
16 Jul
  • House Republicans failed a rule vote (196–222), halting Crypto Week legislation.
  • The GENIUS Act and defense spending bill are now stalled.
  • Internal GOP divisions, not Democratic opposition, triggered the procedural collapse.

House Republicans failed to pass a key procedural vote on Tuesday, halting progress on the highly anticipated “Crypto Week” agenda. 

The 196–222 vote blocks consideration of the GENIUS Act, the Clarity Act, and the annual defense appropriations bill. Without this rule passage, none of the bundled bills can move to debate or a floor vote.

US Crypto Week Off To a Very Bad Start 

The setback came from within the Republican party. Members of the House Freedom Caucus opposed the package, citing concerns over bundling unrelated legislation.

The GENIUS Act, designed to regulate stablecoins, had bipartisan support and backing from the Senate and the White House. President Trump has reportedly prioritized the bill and wants it delivered as written.

House Majority Leader Steve Scalise acknowledged the split.

“I was one of those who would like to see the whole package as one, but the president and the Senate really want us to move GENIUS first. The question is do we play games with the Senate bill when the president has made it clear he wants GENIUS on his desk as it’s written?” said Steve Scalise.

The failed vote derails what GOP leaders had planned as a milestone week for crypto policy. It also blocks action on defense spending, which was tied to the same rule.

Republican leaders are now weighing their options. They may bring the rule back to the floor later in the week.

However, the path forward remains uncertain. Leadership must now decide whether to unbundle the bills or renegotiate terms with dissenting members.

House Press Gallery says "no further votes expected" today, per Emmer's office pic.twitter.com/C4AHnwVmSK

— Brendan Pedersen (@BrendanPedersen) July 15, 2025

For now, Crypto Week is stalled. The GENIUS Act—once expected to sail through—now faces an unexpected delay in the House.

If the bill fails to pass this week, it could significantly impact market sentiment and the US stablecoin regulatory progress. Congress goes on recess in early August.

September will focus on government funding and defense. That makes fall or January 2026 the next likely window—by then, priorities could shift.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10