Congress’s Crypto Week Derailed on Day 1

House conservatives voted against advancing a group of cryptocurrency bills that Trump has demanded hit his desk by August.

Donald Trump at Cryptocon
Mark Humphrey/AP

President Donald Trump began Tuesday declaring the official start of “CRYPTO WEEK.”

“The House will soon VOTE on a tremendous Bill to Make America the UNDISPUTED, NUMBER ONE LEADER in Digital Assets,” the president wrote on Truth Social. “Digital Assets are the FUTURE, and we are leading by a lot! Get the first Vote done this afternoon (ALL REPUBLICANS SHOULD VOTE YES!).”

Within a few hours, that vote plan fell apart and “crypto week” officially went off the rails.