Dark skies loom over the United States Capitol building in Washington, D.C., as seen on July 1, 2025.
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A crucial procedural step in the House of Representatives did not pass on Tuesday, preventing several pieces of proposed crypto legislation from reaching the floor for a vote.
This outcome represents a significant setback for the digital currency sector, which had anticipated a favorable series of legislative advancements this week, previously promoted as “Crypto Week.”
According to NBC News, the motion failed by a vote of 196 to 223, with 13 members of the Republican party joining Democrats in opposition.
This is a developing story. Check back for updates.