House Republicans' $95B budget excludes crypto despite Trump's push
In brief
- House Republicans released $95B budget resolution on July 15 with zero offsets and no spending cuts
- Budget allocates funds to Pentagon operations, voter registration mandates, and agricultural aid—but excludes crypto entirely
- President Trump urged crypto-friendly legislation on July 13, two days before the resolution dropped
- Crypto provisions in budget reconciliation could bypass the filibuster, requiring only a simple Senate majority
Pentagon and Voter Rules Dominate
The largest chunk goes to supplementing Pentagon funding for ongoing Iran-related military operations. The resolution also includes federal voter registration mandates, specifically proof-of-citizenship requirements, which connect to the SAVE America Act—a bill that cleared the House but stalled in the Senate.
The timing is stark. On July 13, President Trump publicly urged the Senate to advance crypto-friendly legislation. Two days later, the budget resolution dropped with not a single reference to digital assets, blockchain, stablecoins, or any crypto-adjacent technology.
Unfunded Spending and Legislative Limbo
The $95 billion comes with zero offsets—no spending cuts elsewhere, no new revenue sources. Just new spending on top of an already stretched federal balance sheet. This puts additional pressure on Treasury yields and deficit projections.
What makes the omission more striking is procedural. A budget resolution can move through Congress via reconciliation, requiring only a simple majority in the Senate. If crypto provisions had been tucked into this package, they could have bypassed the filibuster entirely. Instead, crypto sits in legislative limbo: rhetorical support from the White House, procedural momentum in the House, and a Senate that hasn't committed to a timeline.
The resolution is a sequel to the sweeping tax and spending bill President Donald Trump signed into law in 2025. Whether a dedicated crypto bill follows remains unclear.
