Overview

• On July 15, the House rejected a procedural motion for the Crypto Week package by a 196–223 vote, with 13 Republicans joining Democrats to block floor debate
• The stalled legislation comprises the GENIUS Act for stablecoin backing and monthly reserve disclosures, the Digital Asset Market Clarity Act defining SEC and CFTC jurisdiction, and the Anti-CBDC Surveillance State Act banning a U.S. central bank digital currency
• The Senate approved the GENIUS Act in June with bipartisan support, but both the Clarity Act and the CBDC ban have yet to clear the upper chamber
• President Trump has pledged to sign the package into law, and House GOP leaders branded this series of votes as “Crypto Week” to fast-track digital-asset rules
• House leadership is planning a second vote, but procedural disagreements and ethics concerns over Trump’s crypto interests leave the bills’ prospects uncertain