‘Crypto Week’ Progresses Amid House Procedural Delay; Trump Backs Stablecoin Regulation Bill
July 15, 2025 – Washington, D.C. – After some initial procedural setbacks, the U.S. House of Representatives is preparing to resume voting on landmark cryptocurrency legislation this week, with former President Donald Trump publicly urging Republican support for the bills.
The legislative push, often referred to as ‘Crypto Week,’ aims to establish clearer regulatory guardrails for digital assets, including stablecoins, and has generated strong bipartisan interest. However, debates among House Republicans temporarily delayed a key procedural vote intended to advance a trio of crypto-focused bills on Tuesday.
Procedural Vote Postponed Amid Republican Objections
The House was initially scheduled to hold a procedural vote at 5 p.m. ET on Monday to determine whether these bills would move forward. Yet the vote was canceled shortly before it was to begin after members of the House Freedom Caucus expressed concerns, particularly about the perceived influence of the Senate on the bill drafts.
This hiccup caused a brief disruption in cryptocurrency markets, with Bitcoin (BTC) and Ether (ETH) both dipping about 0.5% before largely recovering. Leading stablecoin issuer Circle (CRCL) also saw its shares fall nearly 5% on the day.
Analysts suggest procedural disagreements are not unusual in the legislative process and expect the stalled vote to be rescheduled, possibly for early Wednesday.
Trump Urges Support for the GENIUS Act
In a series of posts on his social media platform Truth Social, former President Trump voiced his support for passing the GENIUS Act, a stablecoin regulation bill designed to maintain U.S. competitiveness in the crypto industry.
Trump claimed to have met with 11 lawmakers who “all agreed” to back the procedural vote and called for it to occur “as early as possible.” Political analysts indicate that Trump’s influence may encourage reluctant House Freedom Caucus members to relent, despite their objections to the Senate’s involvement in shaping the bill.
Legislation Remains Strongly Supported
Despite the procedural delay, the crypto industry retains optimism as the bills continue to enjoy robust bipartisan backing. The legislative package includes measures to clarify regulatory definitions and provide a framework for stablecoin issuers, which proponents believe will foster innovation and protect consumers.
“It is likely we will see a House vote to advance the rule soon,” said Jaret Seiberg, a policy analyst at TD Cowen. “If not tomorrow, then possibly next week.”
Market Snapshot Amid Developments
Cryptocurrency prices have shown resilience amid the legislative uncertainty:
- Bitcoin (BTC): $118,781.88, up 0.44%
- Ethereum (ETH): $3,427.31, up 8.42%
- XRP: $3.1495, up 7.30%
- Binance Coin (BNB): $720.06, up 3.73%
- Solana (SOL): $173.06, up 5.46%
Other tokens such as Dogecoin and Chainlink also experienced notable gains as market participants anticipate regulatory clarity.
Looking Ahead
The U.S. House of Representatives is expected to revisit the procedural vote promptly, potentially as soon as Wednesday morning. The outcome will determine whether the Digital Asset Markets Clarity Act and other associated bills proceed toward final passage.
As ‘Crypto Week’ continues, industry stakeholders are closely monitoring these developments, hopeful that the U.S. will establish a balanced and innovation-friendly regulatory environment.
About the Reporters
Jesse Hamilton is CoinDesk’s deputy managing editor for Global Policy and Regulation, based in Washington, D.C., with extensive experience covering financial regulation. Stephen Alpher serves as managing editor for Markets at CoinDesk. Nikhilesh De, managing editor for global policy and regulation, has been recognized for his award-winning crypto coverage.
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