House Passes Procedural Vote on Crypto Bills — Crypto Stocks Soar Across the Board
TradingKey – On Wednesday, July 16, the U.S. House of Representatives reversed course and passed a key procedural vote on three major crypto bills, triggering a broad rally in crypto-related stocks.
Leading gainers included:
- SharpLink Gaming (SBET): up 29.03% to $37.38
- Circle (CRCL): up 19.39%
- Canaan Inc. (CAN): up 12.72%
- Coinbase (COIN), MicroStrategy (MSTR), Robinhood (HOOD), and Riot Platforms (RIOT): each rose between 1%–3%
SharpLink Gaming Stock Chart – Source: Google
The rally was sparked by the House’s 215–211 vote to advance the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act to formal debate and final votes, expected later this week.
Just one day earlier, the same procedural vote had failed 196–223, sending crypto stocks tumbling. The reversal followed President Trump’s late-night Oval Office meeting with GOP holdouts, securing enough support to move the bills forward.
The dramatic swing in crypto equities underscores how sensitive the market is to regulatory developments. Investors are advised to closely monitor upcoming votes, as any surprises could trigger further volatility.
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