Trump Strikes Deal, Crypto Legislation Set for House Vote Today
Trump Strikes Deal, Crypto Legislation Set for House Vote Today
President Donald Trump announced late Tuesday that he has reached an agreement with Republican members of Congress, clearing the path for crucial crypto legislation to advance in the House of Representatives today, July 16, 2025. This breakthrough follows an earlier setback on Tuesday when a procedural vote on a package including three crypto measures failed due to opposition from a dozen House Republicans.
Trump, in a post on Truth Social, confirmed meeting with 11 of the 12 GOP members who had initially blocked the legislation. “After a short discussion, they have all agreed to vote tomorrow morning in favor of the Rule,” Trump stated, adding that Speaker Mike Johnson participated via phone and is keen to see the vote proceed swiftly. While specifics of the deal were not disclosed, Johnson later thanked Trump for his intervention, citing the “GENIUS Act” and plans for further crypto legislation.
The initial defeat, with a 196-223 tally, highlighted divisions within the Republican ranks despite Trump’s strong public urging for the bills’ passage. Conservative holdouts, including Reps. Marjorie Taylor Greene and Anna Paulina Luna, cited concerns over the absence of a Central Bank Digital Currency (CBDC) ban and a preference for combining the CLARITY, GENIUS, and Anti CBDC Surveillance Act into a single package rather than separate votes.
Speaker Johnson acknowledged the legislative process challenges but emphasized the importance of advancing the bills. This intraparty rebellion was a rare instance of House Republicans defying Trump’s direct appeal, especially during what the White House has dubbed “Crypto Week.” Trump, who has recently embraced the crypto industry, calling it “very powerful” and launching his own crypto meme coin, has become a vocal proponent of digital assets, aiming to solidify the U.S.’s leading position.
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