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.

Thirteen Republicans, mostly hardline conservatives, voted alongside Democrats in a 196-223 vote against a procedural motion to move three crypto bills forward. The bills include what’s known as the GENIUS Act to regulate stablecoins,

The U.S. House failed Tuesday to clear a key procedural hurdle that would have cleared the way for votes in the lower chamber on several crypto-related bills. The failed vote delivers a major blow to to the crypto industry,

The fate of long-awaited cryptocurrency legislation in Congress was cast into doubt Tuesday, as a procedural vote to consider the measures was shot down by lawmakers.

Crypto week kicks off on Capitol Hill, with lawmakers set to debate a handful of bills that sources say could have a big impact on the market.

The price of bitcoin BTCUSD jumped as high as 3% on Monday to $123,165.67 — a new record for the cryptocurrency. Bitcoin subsequently cooled slightly but was still trading at north of $120,000, at last check.

Bitcoin reached all-time high above $123,000 as lawmakers prepare crypto regulatory bills during "Crypto Week," following Trump's pledge to make the U.S. a "bitcoin superpower."