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

WEEX Alpha Awakens Final Round Has Officially Begun
Day 1 of the WEEX AI Trading Hackathon Final Round is now live! Watch top algorithmic trading strategies compete with real capital. Follow the action from Feb 3–16, 2026, with $880K+ in prizes. Tune in live now. #AITrading #TradingHackathon

WLFI Team Meeting, Ally Meeting, Seaside Villa Cryptocurrency Business Kickoff

OpenClaw Hackathon, What are some projects worth checking out

The Bithumb 2000 BTC Mistake: The Fundamental Issue with CEX Ledgers

LayerZero releases L1 chain Zero, CZ appears on the All-In podcast, what's the overseas crypto community talking about today?

Binance Alpha has turned the airdrop into a "blind box" game
AI Wars: WEEX Alpha Awakens - The Global AI Trading Hackathon Redefining Financial Markets
Compete in WEEX's global AI trading hackathon with $880K+ prize pool. Build & test algorithms in live markets. Bentley & crypto prizes await top AI trading strategies. Join now!

Kyle Samani's Exit Scam, Is There More to the Story?

February 10th Market Key Intelligence, How Much Did You Miss?

Tokenomics New Paradigm? When Backpack Starts Enabling VCs to "Deferred Gratification"

BankrCoin Achieves New Milestones as YZi Labs and ETH Investors Make Significant Moves
Key Takeaways BankrCoin (BNKR) hit a new all-time high with significant market activity. YZi Labs executed a major…

Bitcoin Tests $75K Amid Market Predictions
Key Takeaways Bitcoin shows a 47% chance to test the $75,000 mark this February, contrasting with a potential…

MrBeast Acquires Step to Enhance Financial Offerings for Youth
Key Takeaways YouTube star MrBeast has acquired the financial services platform Step through Beast Industries. The acquisition aims…

Polymarket Predicts Bitcoin Uptrend as MrBeast Ventures into Fintech
Key Takeaways Bitcoin’s Potential Surge: Polymarket denotes a fluctuating probability of Bitcoin achieving $75,000 in February, reflecting volatile…

MrBeast Enters Financial Services with Step Acquisition
Key Takeaways Binance announced an Alpha Airdrop event, highlighting the growing trend of gamified airdrops. Bitcoin prediction markets…

Analysts Predict Bitcoin May Fall to $55K as Support Levels Threaten
Key Takeaways Analysts suggest a potential drop of Bitcoin to $55K if current support levels are breached. Galaxy…

Analysts Predict Bitcoin May Drop to $55K Amid Support Challenges
Key Takeaways Experts caution that Bitcoin could fall to $55,000 if current support levels are breached. The market…

Bitcoin May Decline to $55K: Analysts Warn
Key Takeaways Analysts project Bitcoin could drop to $55,000 if key support levels fail. Technical analysts forecast that…
WEEX Alpha Awakens Final Round Has Officially Begun
Day 1 of the WEEX AI Trading Hackathon Final Round is now live! Watch top algorithmic trading strategies compete with real capital. Follow the action from Feb 3–16, 2026, with $880K+ in prizes. Tune in live now. #AITrading #TradingHackathon