The Encryption Bill Stalls in House Procedural Vote, Extending the Stalemate of "Encryption Legislation Week"

By: theblockbeats.news|2025/07/17 08:32:04
0
Share
copy

BlockBeats News, July 17th: On Wednesday, the U.S. House of Representatives faced a deadlock in advancing key cryptocurrency legislation through a procedural vote. Despite earlier passing a preliminary procedural motion, consensus could not be reached on advancing three core crypto bills to a final vote.

On that day, the House narrowly passed the first procedural motion by a vote of 217-215, deciding to reconsider the debate rules on how to advance the legislation—a process that was stalled on Tuesday due to opposition from the House Freedom Caucus. The final vote resulted in 210 in favor to 218 against, with Republicans needing to flip at least 4 opposing votes to continue the legislative process.

The focus of the controversy was on the stablecoin bill. While the House has its own STABLE Act, this time it will be voting on the Senate version known as the GENIUS Act. Members of the Freedom Caucus collectively voted against it on Tuesday as they were not involved in drafting the stablecoin bill. According to Politico, President Trump reached an agreement with 11 dissenting members on Tuesday night, promising to merge the anti-CBDC bill with the Clarity Act (market structure bill) in exchange for their support. However, sources suggest that this move may result in some Democrats withdrawing their support.

This vote is a key agenda item for Congress's "Crypto Legislation Week." If the market structure bill is approved by the House, it will be sent to the Senate for consideration; while the stablecoin bill can be directly sent for the President's signature. Insiders point out that the House leadership did not adequately consult with the Republican caucus before announcing "Crypto Legislation Week," leading to numerous setbacks in the legislative process this week.

You may also like

Stop Talking About Gold, Bitcoin Is Not a Safe Haven Asset

One cannot rely on macro narratives like "Gold Rotation" to determine whether Bitcoin has bottomed. True bottom signals will only appear during position unwinding and extreme pessimistic sentiment.

Aave Founder: What Is the Secret of the DeFi Lending Market?

When on-chain lending becomes significantly cheaper to operate end-to-end compared to traditional lending, mass adoption becomes not a question of if, but of when.

The Trader's Playbook: 7 Market Cycle Lessons From LALIGA’s 90 Minutes

What do LALIGA matches teach about crypto markets? Learn how consolidation, breakouts, and late-cycle volatility shape disciplined trading decisions.

How Smart Money Tracker Survived Live AI Trading at WEEX AI Hackathon

Discover how WEEX AI Trading Hackathon tested strategies with real capital—no simulations. See how Smart Money Tracker survived flash crashes and leveraged 18x in live markets.

80% Win Rate to 40% Drawdown: An AI Trader's Brutal Recalibration at WEEX AI Wars

Dive into the technical blueprint of an AI trading system built on LLaMA reasoning and multi-agent execution. See how Quantum Quaser uses confidence thresholds & volatility filters at WEEX AI Wars, and learn the key to unlocking 95% win rate trades.

AI Trading Strategy Explained: How a Beginner Tiana Reached the WEEX AI Trading Hackathon Finals

Can AI trading really outperform human emotion? In this exclusive WEEX Hackathon finalist interview, discover how behavioral signal strategies, SOL trend setups, and disciplined AI execution secured a spot in the finals.

Popular coins

Latest Crypto News

Read more