The trio of crypto bills failed to advance in the House yesterday as a procedural vote intended to bring forward three major acts was rejected by House conservatives.
The vote was 196 against to 223 in favor, with a majority of Republicans voting ‘no’ in protest of the stablecoin legislation not including a CBDC ban and the Speaker’s refusal to allow amendment votes.
Lawmakers are scheduled to hold the next procedural vote today at 12:20 p.m. ET, as per the legislative agenda.
“Crypto Week” got off to a rocky start after the Tuesday procedural vote, but the momentum may be shifting. President Donald Trump, reportedly frustrated by the outcome, met with key members of Congress in the Oval Office and emerged with a commitment of support for today’s vote on the GENIUS Act.
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