Krypto -pro -projects backed by Trump Fail Hold in Congress

Several cryptocurrency Bills in the rules supported by the president Donald Trump Tuesday failed to clear the key procedure in House of RepresentativesApplying a serious hit on the crypto -industry.

The final vote under this rule was 196-223, and 13 Republicans voted with the Democrats to block the procedural movement. The measure cannot move forward until the ward approves the rule governed by the legislation.

Voting during what is exhibited as “Crypto -Day was a rare copy of the House of Representatives who refused to retreat from Trump. The measures are supposedly widely taken.

The Leadership of the House of Representatives plans to conduct another vote later on Tuesday to try to promote the legislation.

It was unclear whether the second voting for the same rule and the same bills would be submitted, or the Republican leaders of the House of Representatives would be submitted to satisfy Caucus GOP members against this movement.

Once the voting has not succeeded, the Crypto -related stocks became lower.

Shares stable campaign Wheel Reduced more than 7% in news while Base fell more than 4%. Stock firm digital assets A dream Holding Throwing more than 2%.

One of three bills in suspended state after a bad vote – this A genius actThe Senate last month with some democratic support. The act of geniuses seeks to regulate stable.

Another bill, the law on clarity, establishes the rules of whether the asset is regulated Commission on Securities and Exchanges Either as a product that is controlled Commission on trading in commodity futures.

The third proposal would prevented the Federal Reserve Create The Central Bank’s digital currency.

Res. Marjari Taylor GreenR GA., One of the Republicans who opposed this measure wrote In a message over “I just did not vote for the rules for the brilliant law, as it does not include the ban on the digital currency of the Central Bank and because Johnson’s speaker did not allow us to amend the genius law.”

“President Trump has included a CBDC ban on his executive order on January 23, and Congress must also include a CBDC ban on the genius law,” Green wrote.

Trump said hello “Crypto -Thursday” during his post about his truth on the social previously on Tuesday and urged all Republicans’ chambers to vote “yes” to this measure.

“Soon the house will vote on a huge bill to make America’s indisputable number one leader in digital assets – no one does better!” Trump wrote.

“The act of geniuses will put our great nation ahead of China, Europe and all others who are endlessly trying to catch up, but they just can’t do it,” he wrote.

“Digital assets are the future, and we lead a lot! Make the first voice this afternoon (all Republicans have to vote so!),” Trump continued.

– Emily Wilkins CNBC made a report