Procedural Motion Fails Amidst Bipartisan Opposition

In a surprising development, House Republicans were unable to secure enough votes to pass a procedural motion that would have paved the way for the consideration of two significant crypto bills, known as CLARITY and GENIUS, alongside a defense spending bill. The motion was rejected with a vote of 196-223, highlighting a rare moment of bipartisan opposition as 13 Republicans sided with Democrats to block the measure.

Next Steps and Presidential Endorsement

The House is scheduled to re-vote on the bills later today at 5:00 pm ET, leaving room for potential shifts in support. Earlier, President Donald Trump took to Truth Social to express his support for the legislation, dubbing this period as "Crypto Week" and urging all Republicans to vote in favor of the motion.