Is the Crypto Bill Supported by Trump Getting Rejected?

The intersection of politics and blockchain is reaching a boiling point. Former President Donald Trump, once a crypto skeptic, has now thrown his weight behind a trio of crypto regulatory bills but their fate in the U.S. House of Representatives is anything but certain. 

Despite Trump’s claims of near-unanimous Republican support, deep divisions within the GOP have triggered a dramatic procedural deadlock.

So, is the crypto bill getting rejected? The short answer: not yet. But it's definitely caught in a legislative limbo.

The Trio of Bills: GENIUS, CLARITY, and the Anti-CBDC Act

GENIUS Act: Stablecoin Regulation Framework

The GENIUS Act seeks to establish a unified framework for stablecoins like USDT and USDC, legitimizing their issuance and use under federal oversight. The bill aims to minimize regulatory ambiguity, especially as stablecoins continue to serve as a core pillar in the crypto economy.

CLARITY Act: Regulatory Jurisdiction Between SEC and CFTC

Next is the CLARITY Act, which aims to draw clear jurisdictional boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The act would finally answer the question: is your token a security or a commodity?

Anti-CBDC Surveillance Act

The third bill, the Anti-CBDC Surveillance Act proposes a hardline ban on any U.S. central bank digital currency (CBDC). The bill represents a growing faction of GOP lawmakers’ concern over government overreach and digital surveillance.

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Procedural Breakdown: The Vote That Didn't Pass

On July 15, a pivotal procedural vote required to bring these bills to floor debate failed 196-223, with 13 Republicans defecting to join Democrats in opposition. This procedural failure blocked the package from moving forward, despite Trump’s backing and aggressive lobbying.

The reasons? It wasn't just partisan politics, it was intra-party rebellion.

Marjorie Taylor Greene and the CBDC Ban Showdown

At the heart of the revolt stands Rep. Marjorie Taylor Greene and a coalition of conservative hardliners. Their message was clear: No vote unless the CBDC ban is ironclad and included in every relevant bill.

Greene refused to support the GENIUS Act because it didn’t contain an explicit CBDC ban. She and others managed to merge the CLARITY Act with the Anti-CBDC bill, but this maneuver raised fears among committee leaders that bundling them might sabotage both bills.

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Trump’s Intervention: A Tactical Deal to Break the Stalemate

Following the collapse of the first procedural vote, Trump personally stepped in, reportedly holding discussions with dissenting Republicans and Speaker Mike Johnson. The goal? Salvage the bills by striking a compromise.

The result was a creative workaround: instead of jamming a CBDC ban into the crypto bills themselves, leadership agreed to attach the ban to the National Defense Authorization Act (NDAA) , a must-pass bill.

This move successfully broke the impasse, allowing House GOP leaders to reschedule the crypto bills for a second vote and eventual floor debate.

Where Do Things Stand Now?

Read Also: Why is Trump Throwing the World and Crypto into Chaos?

Implications for the Crypto Market and Regulation

The delayed progress does more than stall legislation, it creates a regulatory vacuum, keeping the crypto sector in uncertainty. For stablecoin issuers, exchanges, and developers, the lack of clarity keeps risk high and investment cautious.

On the other hand, the emergence of strong pro-crypto legislation backed by a former president is a sign that the political tides are shifting. However, the fractures within the Republican party also reveal that the future of crypto legislation may depend more on ideological alignment than party unity.

Read Also: Bitcoin’s Price Movement After Trump’s Emergency Meeting

Conclusion

The Trump-backed crypto bills are not dead but they’ve taken damage. Caught in a tug-of-war between technological innovation and ideological opposition, their fate hangs on the next few House sessions.

This episode underscores one thing: crypto regulation in the U.S. will not arrive smoothly. It's a battlefield of beliefs, alliances, and shifting power structures and the blockchain is merely the stage.

FAQ

Is the Trump-backed crypto bill officially rejected?

No. It failed a key procedural vote but remains active. Negotiations are underway to revive it.

Why did Republicans oppose their own party’s crypto legislation?

A faction led by Rep. Marjorie Taylor Greene demanded a stronger ban on CBDCs and objected to how the bills were bundled.

What is the GENIUS Act?

It’s a bill designed to regulate stablecoins like USDT and USDC under a clear federal framework.

What happens next for the bills?

House leaders plan to reintroduce the bills after procedural adjustments, possibly in tandem with the NDAA.

Will Trump’s influence ensure these bills pass?

Not guaranteed. While Trump has sway within the GOP, House dynamics are proving unpredictable due to ideological divides.

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