The House Republicans married a voter on Tuesday, which would have set this debate for the Genius law and a CRYPTO debt. Motion lost 196-222. That failure is temporarily formed for the first stablcoins organization and restricts the Crypto Clucity proposal related to the annual security fee.
As this growth, markets responded. Circle slid shares are about 5%. Coinbase and Mara Holdings each row about 2%.
Deep warm heat between the Republicans
According to a roll of roll, more than a pile of bundle joined all the Democrats oppose the law. Some lawmakers say they are kept without a loop for amendments.
I just vote on the Genius Act because it does not include the Prevention of Middle Affairs and because the Speaker Johnson does not allow us to submit amendments to the intellectual rule.
Americans do not want money for a government-controlled bank. … Pic.Twitter.com/nkeih0de
– rep. Marjorie Taylor Greenu🇺🇸 (@Repmtg) July 15, 2025
Some wanted a strong situation against Central Bank Digital Currend. Representative Marjorie Taylor Greene heard her complaints on X, saying she could not support the bill that did not prevent CBDucs. He also criticized the Speaker Mike Johnson by cutting up.
Senate Senate Senate Configuration With the Housepack Pushback
Based on reports, the art of expertise already passed the Senate by 68-30 votes in June 17, 2025. Senetors from both parties have done so as a way to bring stablcins under the US.
But the Conservatives say the estimate must include the language to stop the Federal Reserve in removing its digital fee. That separates leadership that is left to prevent winning votes to move forward.
Bunding Sparks Backlash
House leaders tried to combine Crypto steps about the Defense Defense Defense Bill. They hoped that mixing the higher money for the intelligence program would smear the process.
Rep. Greene and others said the bill must adopt Trump’s January ban on CBDCs in federal agencies. Image: AP.
Instead, critics on both sides cried badly. Defense Hawks said its funding program was designed for the standalone controversy. Crypto Hardlins are pressed to find many changes. The package found no chance to reach the ground.
Pro-Crypto Stance
At that time, industrial groups spend at least $ 245 million in the 2024 election cycle pressing Pro-Crypto policies. Failishake, Crypto Political Committee, still holds $ 141 million in the coming advertising cash before 2026 Midters 26.
Treasury secretary Scott Bessints suggested that US Stablecoins can grow up to more than $ 2 trillion if the organization’s framework arrives. And the Great US Management Command Donald Trump January called CBDC closures in all agencies. Those high numbers emphasize what is in the danger of the sector you want clear laws.
Picture entered from SocialstudidiShelh.com, chart from trading trade
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