Nazia Saeed
- Trump says 11 of 12 GOP dissenters now back the GENIUS Act after Oval Office talks
- Republicans initially blocked the bills, demanding a CBDC ban be added
- House will re-vote Wednesday, with Speaker Johnson calling crypto bills a priority
President Donald Trump’s “Crypto Week” hit a major setback on July 15, 2025, as the House of Representatives rejected a critical procedural vote for the GENIUS Act, a bill intended to position the U.S. as the global leader in digital assets.
The vote failed 196–223, with 13 Republicans siding with Democrats stalling a central component of Trump’s crypto policy agenda. The move came despite Trump’s vocal support for the bill earlier that day via Truth Social, where he called the GENIUS Act a “tremendous Bill to Make America the UNDISPUTED, NUMBER ONE LEADER in Digital Assets.”
President Donald Trump claims to have struck a deal with most of the Republican lawmakers who derailed three key crypto bills, including the GENIUS Act, following a failed procedural vote in the House on Tuesday, July 15, 2025.
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In a Truth Social post, Trump said he met with 11 of the 12 GOP dissenters in the Oval Office and convinced them to vote in favor of the legislation.
“I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS Act and, after a short discussion, they have all agreed to vote tomorrow morning in favor of the Rule,” Trump said.
The vote collapse had stalled a major initiative dubbed “Crypto Week,” aimed at passing three bills: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act before Congress leaves for its August recess.
Speaker Johnson, Senate push for progress
House Speaker Mike Johnson confirmed Tuesday that Trump’s involvement helped bring key members back to the table.
“I’m thankful for President Trump getting involved tonight to ensure that we can pass the GENIUS Act tomorrow,” Johnson posted on X.
Johnson and others indicated that the House will meet again on Wednesday, with floor debate and legislative business scheduled. However, Johnson added that the bills would need to be handled in succession, not as a combined package, due to concerns the Senate wouldn’t approve a bundled approach.
“We have to do them in succession,” Johnson said. “Some of these guys insist that it needs to be all in one package.”
GENIUS Act may still have support
Despite the failed vote, Caitlin Long, CEO of Custodia Bank, urged calm, pointing out that the GENIUS Act also failed its first vote in the Senate before passing days later.
“BEFORE Y’ALL FREAK OUT, don’t forget that the first procedural vote in the Senate on the GENIUS Act failed as well. the second one passed 11 days later,” she wrote.
Meanwhile, Crypto in America podcast host Eleanor Terrett noted that the GENIUS Act already prohibits the Fed from offering retail services like digital wallets or personal accounts, suggesting concerns about CBDC authorization may be overstated.
With new commitments secured from former Republican holdouts, House leaders are expected to bring the GENIUS Act and the remaining crypto bills back to the floor Wednesday for a renewed push.
