Trump Rescues Crypto Legislation: Turns GOP Rebels Around After House Setback, Bitcoin Recovers

Last night, U.S. President Donald Trump made a surprise move to rescue key cryptocurrency legislation, stepping in after a dramatic procedural defeat in the House of Representatives. His direct intervention may have averted a major setback for the digital asset industry.

🧨 GOP Revolt Blocks Bills, Markets Tumble Tensions ran high when 13 hardline Republican lawmakers joined Democrats to block a procedural rule that would have allowed debate on a set of crypto-friendly bills. The failed vote (196–223) shocked the markets, causing crypto-related stocks to plunge and Bitcoin to drop from over $120,000 to $116,000.

🏛 Trump Steps In and Flips the Vote In a late-night post on Truth Social, Trump revealed that he had met in the Oval Office with several Republican lawmakers who had initially voted against the rule. According to Trump, after a short discussion, they agreed to reverse course. “Everyone agreed to vote for the rule tomorrow morning,” Trump wrote.

He added that House Speaker Mike Johnson had participated in the meeting remotely and supported an expedited vote. Trump even thanked Congress for its “swift and positive response.”

📜 Three Crypto Bills Could Redefine U.S. Regulation This week, the House is set to vote again on three landmark crypto bills, which could reshape the regulatory landscape for digital assets in the U.S.: 🔹 A bipartisan stablecoin regulation framework

🔹 A market structure bill clarifying the roles of SEC and CFTC

🔹 Protections for self-custody and decentralized finance (DeFi)

These bills have been strongly supported by the crypto industry and are seen as critical to providing clarity and growth for the sector.

⚔️ What Triggered the Rebellion? The backlash came largely over the stablecoin bill’s structure. Conservative lawmakers, including Marjorie Taylor Greene, Tim Burchett, Anna Paulina Luna, and Eli Crane, opposed the leadership’s decision to move forward with the Senate-approved version without allowing amendments. Luna and Crane also pushed for a provision banning the Federal Reserve from issuing a central bank digital currency (CBDC) — a hot-button issue among crypto advocates.

💹 Bitcoin and Ethereum Recover After Trump’s Move Following Trump’s intervention, the crypto market began to rebound. Bitcoin climbed back to $118,727, and Ethereum surged over 6% in 24 hours, outpacing BTC. ETH is now trading around $3,170 and has gained 22% over the past week. Despite recent volatility, the Fear and Greed Index still flashes “Greed”, signaling persistent investor optimism.

🤝 Trump as the “Crypto President”? Trump’s move highlights his evolving role as a champion of crypto-friendly policies. If the renewed vote proceeds as expected and the bills are passed, it could mark a turning point in U.S. digital asset regulation.

🧠 One-Minute Recap: 🔹 Trump convinced GOP rebels to change their vote

🔹 House procedural failure caused a market drop

🔹 Three major crypto bills are back on the table

🔹 BTC and ETH rebounded after the late-night breakthrough

🔹 Trump positions himself as the “crypto president”

#TRUMP , #Cryptolaw , #bitcoin , #Ethereum , #USPolitics

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