The GENIUS Act is back on track after Trump secured key support from lawmakers, setting up a vote that could revive pro-crypto legislation.

The crypto industry could still notch a major win if the House can pass a bill detailing regulatory framework.

House Republicans failed to advance a key procedural motion that would have enabled debate on the GENIUS Act and other major crypto bills earlier today, Tuesday. The failed vote stalled the highly anticipated legislative push dubbed part of “Crypto Week,

A dozen House Republicans bucked Trump and Speaker Mike Johnson to prevent the legislation from advancing on the floor -- joining the entire Democratic caucus -- and, at least temporarily, freezing activity in the House. The final tally was 196-223.

Trump announces 11 of 12 congressmen agreed to advance GENIUS Act stablecoin legislation after Oval Office meeting, reversing Tuesday's failed procedural vote during Crypto Week.

A group of right-wing House Republicans dealt a setback Tuesday to President Trump and GOP leaders' efforts to send legislation establishing the first-ever regulatory framework for stablecoin issuers to Trump for his signature.

What Happened: Taking to social media platform Truth Social, Trump said, “Happy Crypto Week! The House will soon VOTE on a tremendous Bill to Make America the UNDISPUTED, NUMBER ONE LEADER in Digital Assets – Nobody does it better!"