A significant vote on the GENIUS Act in the US Congress has concluded unsuccessfully, raising new concerns regarding cryptocurrency regulation in the country.
Vote Failure on the GENIUS Act
On July 15, 2025, the GENIUS Act failed to pass a key procedural vote in Congress, creating additional uncertainty regarding cryptocurrency regulation in the US. Various members of the Republican Party participated in the vote, with 13 representatives opposing the bill alongside Democrats.
Market Response to Political Disagreements
The immediate consequences of the vote have already been reflected in the stock market, where shares of crypto-related firms showed a notable decline. Market participants express concerns about the regulatory environment's ambiguity and its influence on stablecoins. Donald Trump emphasized the importance of the bill for international competition, stating, 'The House will soon VOTE on a tremendous Bill to Make America the UNDISPUTED, NUMBER ONE LEADER in Digital Assets.'
Future of Crypto Regulation in the US
The bill's failure highlights ongoing political fragmentation and casts doubt on the possibility of collaborative efforts to create a coherent regulatory framework for cryptocurrencies. Disagreements within the Republican Party continue to create uncertainty in the market, forcing companies to adapt to a changing legislative landscape. Crypto market participants should closely watch further political developments, which could significantly influence regulation in the industry.
The failure of the GENIUS Act underscores the complex political realities facing the crypto market in the US. Market participants are awaiting further steps and possible legislative revisions that could have long-lasting impacts on financial ecosystems.
