Breaks of the “Crypto Week”: Trump's crypto laws fail surprisingly-Bitcoin party canceled?

Trump's large crypto offensive fails in the congress: 13 Republicans block the “Crypto Week”-a setback for the US regulation of the crypto industry.

Washington had run warm up. President Trump had declared it “Crypto Week” that supporters spoke of a historical moment that was supposed to shape the crypto location USA for years.

But on Tuesday evening the disillusionment: With 223 to 196 votes, the procedural vote in the House of Representatives failed-and thus the prelude to three crypto laws that were considered key projects from Trump's blockchain agenda. A defeat that brakes the euphoria of the industry.

The big blockade

Above all, the so-called Genius Act, which was to finally create a regulatory framework for the approximately $ 260 billion dared stable coin market, was reproduced by Trump and his team. The law, which had already gone through the Senate with cross-party majority, provided for strict requirements such as monthly audits and 100 percent reserves for stable coins such as USDC. Trump himself had declared Truth Social on his platform that the law would position “America Light Years off China and Europe”.

But of all people, 13 Republican MPs voted with the Democrats against the so -called “Rule”, which would have been necessary for the debate of the law. Including: The controversial Trump confidante Marjorie Taylor Greene, the mooned, the Genius Act does not contain a clear spell of a digital central bank currency (CBDC) and is not open to amendments. “The Americans do not want the government controlled by the government,” said Greene on X-and implicitly contradicted the Trump government's course.

Two further legal templates were also stopped: the Clarity Act, which should ensure legal certainty when it comes to the question of whether crypto-assets fall under the Sec or CFTC-as well as a law on the ban on CBDCs, which actually met with approval for many Republicans.

The markets react promptly – crypto in a descent

The immediate reaction was not long in coming: the Bitcoin course dropped back to his daily low at $ 116,000. Shares of the USDC issuer Circle lost meanwhile Almost 5 percent, Coinbase fell by almost 2 percent, while mining companies such as marathon digital, Riot Platforms or bitfarms lured between 2 and 6 percent. After his IPO in June, Circle still wrote six times higher than twelve months ago – but optimism was noticeably steamed.

The industry had finally expected great things. The crypto sector had invested over $ 245 million in lobbying in 2024 alone, Pacs and Fairshake are available with over $ 140 million for the 2026 Midterms. However, the defeat in the House of Representatives shows that political capital alone is not enough, especially not if ideological trenches run within the majority party.

Ideology beats strategy

The irony: Trump himself had called for a ban on CBDCs with an executive order in January, but in the legal text there was no clear regulation. The revolt against one's own party leadership is therefore also a symptom for the distrust of many Republicans towards central state control and reminds that even in a crypto -friendly political climate, the debate about data protection, control and state influence has not ended.

For the Republican leadership, the Exit the vote a Quantity Disaster: The second vote planned for Tuesday evening was canceled without further ado. It remains unclear whether and when a new attempt will take place.

Where are you going, krypto?

The hope of the industry is now on a revised version of the Genius Act-possibly supplemented by a clearer anti-CBDC clause in order to appease conservative hardliners like Greene. But the setback left traces. Even if the regulatory agenda is not off the table, it could now progress more slowly and more conflicting than many expected.

The “Crypto Week” was to be at the birth of a new crypto age in the United States-instead, it has become a lesson in political reality. Nevertheless, the party -internal grave steam should not be overrated. The drivers of the ongoing crypto bull market are primarily intact due to the now very numerous Bitcoin ETFs approved in 2024.

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