The US House of Representatives failed to advance the Crypto Genius Act, Clarity Act, and the Anti-CBDC Act on Tuesday. All three acts were unable to garner the majority of votes to become legislation. While 196 Republicans said yes to the Act, 13 pressed no. On the other hand, 210 Democrats pressed no, taking the total to 223. Therefore, only 196 Representatives said yes and failed to pass the legislation.

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Rep. of Georgia, Marjorie Taylor Greene voted no to the bill citing that the Senate did not include Trump’s executive order which is a ban on the Central Bank Digital Currency. She explained that the Senate left that out and Speaker Johnson did not allow them to amend the bill. Therefore, she voted no to the Crypto Genius Act, Clarity, and Anti-CBDC Act.

“I just voted NO on the Rule for the GENIUS Act because it does not include a ban on Central Bank Digital Currency and because Speaker Johnson did not allow us to submit amendments to the GENIUS Act. Americans do not want a government-controlled Central Bank Digital Currency. Republicans have a duty to ban CBDC. President Trump included a ban on CBDC in his January 23rd executive order and Congress must also include the ban on CBDC in the GENIUS Act,” she wrote on X.

Genius Act, Clarity & Anti‑CBDC Act Falls Flat During ‘Crypto Week’

The Genius Act, Clarity, and Anti‑CBDC Act failed on the floor during the Crypto Week promoted by the White House. Crypto-based stocks like Circle (CRCL) and Coinbase (COIN) tanked after the bill failed to make it to legislation. While Circle dipped nearly 10 points, Coinbase fell close to 6 points. However, it did not affect Bitcoin’s price much as the cryptocurrency is trading at the $117,000 level. Even Ethereum climbed above the $3,100 mark despite the Act failing on the floor.

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