The U.S. House of Representatives procedural vote is blocked! The three major Crypto Assets bills are temporarily halted, and Trump once again voices his support.

The U.S. House of Representatives was scheduled to hold a key procedural vote on Tuesday to advance the legislative process of three Crypto Assets bills, but ultimately ended without results, leading to a brief market fluctuation. Before the end of the congressional day, the scheduled vote was temporarily canceled less than 15 minutes before the start time, meaning further consideration of the bills will have to wait until Wednesday morning at the earliest.

The procedural hurdle stems from opposition voices from some members of the House Freedom Caucus, who are dissatisfied with the way the bill is progressing under the Senate's leadership, even though the bill itself still maintains strong support across both parties.

Three major Crypto Assets bills delayed, causing market turbulence.

Due to this uncertainty, the Crypto Assets market experienced brief fluctuations. Bitcoin (BTC) and Ethereum (ETH) temporarily dropped, although they quickly stabilized afterwards. Meanwhile, the newly listed stablecoin issuer Circle (ticker: CRCL) saw its stock price plunge to the day's low, dropping nearly 5%, but compared to its IPO last month, the stock price is still quite impressive.

Trump voices support for promoting the passage of the bill.

On Tuesday, U.S. President Donald Trump posted on the social media platform Truth Social, calling on Republican lawmakers to support procedural votes. He emphasized that passing the stablecoin-related "GENIUS Act" would help the U.S. maintain its lead in the global Crypto Assets industry.

Trump also stated on Wednesday morning in Taiwan that he has spoken with 11 members of Congress and received their unanimous commitment to support the vote. He looks forward to the related procedural vote taking place "as soon as possible."

TD Cowen policy analyst Jaret Seiberg stated in a report issued to clients on that day: "We expect the House to conduct another round of voting on the rules tomorrow. If not completed, the bill may be postponed until next week." Seiberg pointed out: "It is expected that the 'GENIUS Act' will ultimately be passed, as President Trump is actively pushing for the legislation. We believe that even if the House Freedom Caucus has some dissatisfaction with the Senate version, they will ultimately conform to the President's position."

The twists and turns of the legislative process reflect political realities.

It is still uncertain whether the "Digital Asset Markets Clarity Act" included in the three bills will also be subject to further delays. The bill was originally scheduled for a vote on Wednesday, but it remains unknown whether the legislative process will proceed as planned.

This incident highlights the normalization of procedural obstacles in the American legislative process. When the "GENIUS Act" was advancing in the Senate, it faced strong backlash from some Democratic lawmakers, forcing Congress to engage in more negotiations. Observers point out that it remains to be seen whether dissatisfied Republican conservatives will replicate this pattern regarding the current bill.

Regardless, whether Congress can integrate the legislative process and advance the regulatory framework for encryption policy under presidential pressure will become the focus of attention for the market and regulatory observers.

This article reports that the U.S. House of Representatives' procedural vote was blocked! The three major Crypto Assets bills are temporarily halted, and Trump voices his support again. This was first reported by Chain News ABMedia.