Crypto, Congress
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House, Crypto bills
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Trump and GOP lawmakers said that they had the votes necessary to pass landmark crypto legislation in the House.
The second attempt to advance a pair of crypto bills came after President Donald Trump intervened on Tuesday evening to get the hold-outs on board.
A dozen House Republicans bucked Trump and Speaker Mike Johnson to prevent the legislation from advancing on the floor -- joining the entire Democratic caucus -- and, at least temporarily, freezing activity in the House. The final tally was 196-223.
Thirteen Republicans, mostly hardline conservatives, voted alongside all Democrats to block a procedural vote on the crypto legislative package.
Florida lawmakers helped by the cryptocurrency industry are joining a House majority backing the first crypto regulatory bill adopted by Congress.
Republican House leaders anticipate passing an industry-friendly stablecoin regulatory bill this week, sending Congress’s first major digital assets legislation to the president and kicking off a series of votes on related measures that supporters have dubbed “Crypto Week.
Republicans who voted against the cryptocurrency regulation legislation objected to how the bills were structured.