Bitcoin falls after major crypto bills backed by Trump hit snag in US Congress
WASHINGTON – The fate of long-awaited cryptocurrency legislation in the US Congress was cast into doubt on July 15, as a procedural vote to consider the measures was shot down by lawmakers from both parties.
The failure is a blow to the crypto industry, which was hoping for a series of legislative wins this week that would provide clarity and long-sought legitimacy to the digital asset industry.
US President Donald Trump had hailed ‘Crypto Week’ during a post on his Truth Social site and urged all House Republicans to vote “yes” on the measure.
Bu several conservative Republicans joined with Democrats in blocking a procedural vote to allow consideration of three crypto bills as part of a dispute over how the measures should be…
