'Crypto week' collapses as house GOP fails key vote originally appeared on TheStreet .
On July 15, the U.S. House failed to pass a procedural vote that would have advanced several crypto-focused bills.
The motion was rejected in a 196 to 223 vote, with 13 Republicans, often called GOPs, joining Democrats, effectively stalling the momentum of "Crypto Week," according to CNBC .
According to CNBC, a procedural vote on three bills failed to pass. If the procedural vote had passed, it would have opened up an opportunity not only for crypto legislation, but to also vote on the Defense Department funding.
The failure is also going to reset House Republicans' plan to call this week "Crypto Week," which was something both lawmakers and the industry had hoped to use to push forward long-awaited regulation.
Rep. Marjorie Taylor Greene, one of the GOP members who voted against the rule, expressed concern that the legislation didn't go far enough to prevent the creation of a U.S. central bank digital currency (CBDC).
The dismantling of the rule could mean these bills are delayed until next week, or even longer, as Republican leaders consider a new strategy, according to CNBC.
Greene who voted against the rule, expressed concern that the legislation didn't go far enough to prevent the creation of a U.S. central bank digital currency (CBDC).
"I just voted NO on the Rule for the GENIUS Act because it does not include a ban on Central Bank Digital Currency and because Speaker Johnson did not allow us to submit amendments to the GENIUS Act. Americans do not want a government-controlled Central Bank Digital Currency. Republicans have a duty to ban CBDC.
President Trump included a ban on CBDC in his January 23rd executive order, and Congress must also include the ban on CBDC in the GENIUS Act," posted Greene on X.
Bitcoin dipped a bit following the vote. At press time, Bitcoin was trading at $116,871.99 , down from its 24-hour high of $120,446.84, as per Kraken .
'Crypto week' collapses as house GOP fails key vote first appeared on TheStreet on Jul 15, 2025
This story was originally reported by TheStreet on Jul 15, 2025, where it first appeared.
