House Republicans block key Trump-endorsed crypto measures

Republicans in the House have resisted Trump's call to support key crypto legislation.

House Republicans reject Trump's crypto plan amid internal conflict

In a significant setback for President Trump, House Republicans blocked a procedural vote on essential cryptocurrency legislation. This included three bills aimed at advancing crypto policies, which Trump endorsed. A group of a dozen Republicans voted against the measures, aligning with Democrats to halt progress. Speaker of the House Mike Johnson indicated he will work with dissenters who prefer the crypto bills combined rather than voted on separately. The defeat occurs during what the White House has dubbed "Crypto Week," highlighting the unusual division within the party in response to Trump's wishes.

This rebellion among House Republicans signals a deeper tension in the party, where traditional party lines are increasingly blurred over issues like cryptocurrency. Despite Trump's enthusiasm for crypto as a national competitive edge, the concerns among conservatives about government control—specifically regarding Central Bank Digital Currency—show a split that could influence future policy-making. As the party grapples with its identity, the challenge will be balancing the interests of its members with the influence of Trump.

Highlights

The party faces a crucial test in aligning its interests with voter concerns over financial policies.