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Trump-backed crypto bills fail in House vote

Regulation measures for cryptocurrency backed by Trump were blocked in Congress, facing GOP dissent.

July 15, 2025 at 06:46 PM

Trump-backed crypto regulation bills fail to clear key hurdle in Congress

Key crypto regulation bills lose support in the House despite backing from Trump.

Trump-backed crypto regulation fails in Congress

Multiple cryptocurrency regulation bills supported by President Donald Trump did not pass a crucial procedural step in the House of Representatives. The vote concluded at 196-223, with 13 Republicans joining Democrats to block the motion. House leadership is considering another vote, but it remains uncertain if the same bills will be presented or revised to address concerns from dissenting Republicans.

Key Takeaways

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Trump-sponsored crypto bills encountered unexpected resistance in Congress

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Several Republican lawmakers opposed the regulatory structure of the bills

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Possible re-vote indicates ongoing negotiations among party leaders

"The final vote was 196-223, with 13 Republicans voting with Democrats to block the procedural motion."

This quote states the procedural outcome and reflects the opposition faced by the bills.

"House leadership tentatively plans to hold another vote later in the day Tuesday to advance the legislation."

This indicates ongoing discussions about the future of the legislation.

This failure highlights the tensions within the Republican Party regarding cryptocurrency regulations. While Trump’s endorsement brought significant backing, the split votes reflect deeper disagreements on how to approach crypto oversight. These dynamics could signal future challenges in balancing party unity with the interests of the crypto industry and its advocates.