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U.S. Crypto Legislation Drama: GOP Roadblock Sparks DC Debate
Austin Hodge
July 16, 2025
Crypto Week on Capitol Hill turned into a humdrum affair as the much-anticipated crypto legislation stumbled in Congress. Despite the Republican fanfare, a procedural vote on digital asset measures tanked, thanks to a faction within the GOP itself. Concerns over central bank digital currencies (CBDCs) and other unresolved issues led to a 223-196 rejection. President Trump's attempt to rally support, mingled with the Democrats' labeling of the week as "Anti-Crypto Corruption Week," added fuel to the fiery debate.
What does this legislative flop mean for the future of crypto in the United States and what else is going on in the realm of Crypto across the world?
Let's dive in!
Key crypto legislation fails in Congress as GOP Freedom Caucus opposes due to CBDC worries. — Read More
IRS intensifies scrutiny on crypto transactions across multiple blockchains, urging timely compliance. — Read More
Traders speculated on Federal Reserve Chair Powell's imminent firing, boosting ouster odds on Polymarket amid a White House search for successors. — Read More
Democrats push to thwart Trump by adding restrictive clauses to key crypto bills, sparking discord in DC. — Read More
Kraken has rolled out a cryptocurrency derivatives trading platform for U.S. customers, expanding its regulated offerings. — Read More
FSB raises stablecoin concerns over financial stability ahead of G20 summit. — Read More
BlackRock's Q2 digital asset inflows hit $14.1 billion, elevating their total AUM in this category to $79.6 billion, with digital assets as a high-growth segment amidst market volatility. — Read More
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