House Cancels Tuesday Crypto Votes After Shocking Setback

No Votes on Crypto Bills as House Pulls the Plug for Tuesday

The U.S. House of Representatives has canceled all scheduled votes for Tuesday, including the expected second attempt to advance key crypto legislation. After a failed procedural vote earlier in the day, which many assumed would be revisited by 5 p.m. ET, the House quietly updated its schedule—no further votes were planned.

This leaves three major bills—the GENIUS Act, the Digital Asset Market Clarity (Clarity) Act, and the Anti-CBDC Surveillance State Act—in limbo, despite strong backing from the Trump administration and significant industry momentum around “Crypto Week.”

A House aide had earlier said they were trying again later in the evening, but that window has now officially closed.

GENIUS and Clarity Acts Face Delay After Procedural Defeat

The GENIUS Act, already approved by the Senate, was expected to reach Trump’s desk by the end of the week. The bill would require USD-backed stablecoins, mandate annual audits for issuers with over $50 billion in market cap, and set rules for foreign issuance. Trump has repeatedly praised the bill for its potential to reinforce U.S. dollar dominance in the digital age.

Meanwhile, the Clarity Act takes a broader approach, aiming to delineate regulatory powers between the SEC and CFTC, protect retail investors, and require crypto firms to segregate customer funds from corporate assets.

Also sidelined: a bill spearheaded by Rep. Tom Emmer (R-MN) to ban the Federal Reserve from issuing a retail CBDC.

Although insiders had predicted Clarity would pass Wednesday and GENIUS on Thursday, the sudden change throws that timeline into question. Still, Digital Chamber CEO Cody Carbone remains hopeful:

Republican Revolt Derails the Vote

The initial procedural vote failed 196–223, with several Republican defections including Reps. Marjorie Taylor Greene, Chip Roy, Michael Cloud, and Anna Paulina Luna.

Rep. Greene explained her "no" vote in a fiery post on X, criticizing the lack of a CBDC ban in the GENIUS Act:

She also objected to Speaker Mike Johnson’s refusal to allow amendments.

However, Carbone responded on X and pushed back:

Sources say Trump may now step in directly, calling members of Congress to salvage the vote. He’s made it clear he wants GENIUS on his desk before August.