Overview
- A procedural motion to advance three crypto bills—including the GENIUS Act and the Clarity Act—failed 196-223 after 13 Republicans joined Democrats in opposition.
- GOP defectors cited conflict-of-interest concerns and the rapid pace of the package dubbed “Crypto Week.”
- House leadership scheduled a second procedural vote later Tuesday to secure floor debates on stablecoin oversight and a ban on a Federal Reserve digital dollar.
- President Trump urged all Republicans on Truth Social to back the motion and warned against any delays in delivering digital-asset reforms.
- Bitcoin briefly dipped but held near record highs above $120,000 as markets awaited the outcome of the rescheduled vote.