The US House of Representatives conducted a crucial vote on July 15, 2025, regarding three major cryptocurrency bills. The bills included stablecoin regulation, general crypto market oversight, and a ban on central bank digital currencies (CBDCs). However, the bills failed to pass due to strong opposition from the Republican Party’s right wing. The vote resulted in 196 in favor and 223 against, leading to the bills’ rejection. This outcome represents a significant obstacle for crypto regulations in the United States. 

Republican Party Divisions Block Regulations 

Among the bills, the most debated was the GENIUS Act, aimed at increasing transparency for stablecoins. The other two bills were the CLARITY Act and the Anti-CBDC Act. However, some Republican representatives demanded the bills be presented as a unified package rather than separately. This stance caused the vote to fail. President Donald Trump’s declared “Crypto Week” faced setbacks due to internal party disputes. 

This development heightened uncertainty in crypto markets. Shares of major crypto firms like Circle and Coinbase declined following the bills’ rejection. Bitcoin also fell by approximately 3%. House Speaker Mike Johnson and Majority Leader Steve Scalise announced plans to reintroduce the bills. However, internal Republican divisions may continue to hinder regulatory progress. 

Details of Important Crypto Bills 

The GENIUS Act sought to regulate stablecoins and enhance market security. The CLARITY Act proposed broader crypto market regulations. The Anti-CBDC Act aimed to ban central bank digital currencies. These bills sparked considerable attention within the crypto ecosystem but failed to advance due to political conflicts. 

This process holds critical importance for the future of crypto regulations in the US. Investors and market participants await clearer legislation, while ongoing obstacles increase uncertainty. Meanwhile, House leadership signaled that similar bills may return for consideration soon. 

In summary, the rejection of three key crypto bills by the US House caused market turbulence. Divisions within the Republican Party remain a serious barrier to regulation. This event marks a critical development for crypto investors to monitor closely. 

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Bitcoin Options Expired, Eyes on Trump’s Tariffs 

Trump’s customs tariff pause will end on July 9, causing concern among crypto investors. On Friday, approximately 139,392 Bitcoin options worth around $17 billion expired. According to Deribit data, the put-call ratio was measured at 0.74. This ratio indicates that the market remains bullish. The max pain point was at $102,000. 

Despite these developments, Bitcoin held steady at the $107,500 level. However, altcoins such as Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE) lost between 2% and 5% in value. Investors believe the resistance at the $110,000 level is particularly strong. Data from Greek.Live showed mixed momentum signals in the market. Investors preferred to stay in profit or breakeven positions, increasing uncertainty in the market. 

How Will New Trade Agreements Affect Crypto? 

U.S. President Donald Trump and U.S. Trade Secretary Lutnick officially signed the U.S.-China trade agreement. This development temporarily eased global trade tensions. The new deal includes the relaxation of tariffs in certain sectors. If the Trump administration does not extend the 90-day customs tariff exemption, tariffs of up to 50% will be applied to the European Union. Additionally, country-specific “reciprocal tariffs” will come into effect. A general global tariff of 10% is also planned. 

This situation will continue to impact the crypto market, as investors may shift to less risky assets in response. However, some experts argue that such macroeconomic pressures could strengthen crypto in the mid-term. Arthur Hayes stated that developments like the SLR exemption and the GENIUS Stablecoin Act will have a positive long-term effect on digital assets. According to Hayes, Bitcoin may approach an all-time high. 

In addition, institutional interest in Bitcoin is growing through ETFs. This week, BlackRock’s IBIT product saw inflows exceeding $1.7 billion, indicating strong institutional support. 

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