President Donald Trump said Tuesday that a group of House Republicans who blocked several cryptocurrency regulation bills from moving forward earlier in the day had changed their minds following a White House meeting, and would now vote to advance the legislation.
“I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS Act and, after a short discussion, they have all agreed to vote tomorrow morning in favor of the Rule,” Trump wrote on Truth Social shortly before 9 p.m. ET.
Trump said that House Speaker Mike Johnson called into the meeting and “looks forward to taking the Vote as early as possible.”
It was a dramatic, quick rebound for the Trump-supported pieces of legislation, which just hours before had faced an uncertain path forward, after the bills failed to clear a key procedural hurdle.
The bills cannot advance until the House approves rules of debate for the legislation. The final surprise tally of the vote Tuesday was 196 in favor of approval, and 223 against.
Thirteen Republicans voted with Democrats to block the legislation from moving forward.
The measures had been widely expected to pass. The failure of the rule during what is being billed as “Crypto Week” was a rare instance of House Republicans refusing to take direction from Trump, at least temporarily.
The late Tuesday flip among the holdouts underscores Trump’s firm grip over Republican conference.
Crypto-linked stocks turned lower after the vote failed.
Storm clouds hover over the U.S. Capitol on July 1, 2025 in Washington, DC.
Chip Somodevilla | Getty Images
Rep. Marjorie Taylor Greene, R-Ga., one of the Republicans who opposed the measure, wrote in a post on X, “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.”
“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,” Greene wrote.
Trump had hailed “Crypto Week” during a post on his Truth Social platform earlier Tuesday and urged all House Republicans to vote “yes” on the measure.
“The House will soon VOTE on a tremendous Bill to Make America the UNDISPUTED, NUMBER ONE LEADER in Digital Assets – Nobody does it better!” Trump wrote.
“The GENIUS Act is going to put our Great Nation lightyears ahead of China, Europe, and all others, who are trying endlessly to catch up, but they just can’t do it,” he wrote.
“Digital Assets are the FUTURE, and we are leading by a lot! Get the first Vote done this afternoon (ALL REPUBLICANS SHOULD VOTE YES!),” Trump continued.
— CNBC’s Emily Wilkins contributed reporting
