House’s “Crypto Week” faced setback as procedural motion to advance digital asset bills failed 196-222. Conservative GOP and Democrats united against rule change, delaying stablecoin and token legislation. Speaker Johnson to reconvene talks with dissenting members.

GOP rebels and Democrats demand amendment rights, blocking GENIUS and CLARITY Acts. Robinhood, Coinbase, Circle shares dropped, Bitcoin fell 3%. Watch for revised motion, monitor leadership’s efforts, assess impact on institutional adoption.

Crypto-linked equities and tokens plummeted. Compromise may be reached soon, shaping U.S. regulatory landscape. Backers optimistic for resolution before recess, aiming for clarity in crypto markets.

Read more at Quiver Quantitative: Market Fallout and Next Steps