Last week, it was anticipated that new crypto bills would be introduced to the agenda, but they were postponed to this week. The discussion of two crypto bills has now been blocked as some Republicans voted against them. This move is likely to anger Trump, and the identities of those involved are revealed. An intriguing question arises: what will the value of PENGU and XRP Coin be?
The Crypto Legislation Stalemate
In the House of Representatives, 13 Republican members voted against bringing crypto bills to the floor. Just one to two hours before the vote, Trump had praised the GENUS bill with the announcement of “The Joyful Crypto Week Begins.” The rejection by Republicans, minutes after Trump’s endorsement, seemed like a clear defiance.
Who are these dissenting figures? They include Rep Andy Biggs, Tim Burchett, Michael Cloud, Andrew Clyde, Eli Crane, Marjorie Taylor Greene🇺🇸, Andy Harris, Anna Paulina Luna, Scott Perry, Chip Roy, Keith Self, Victoria Spartz, and Steve Scalise.
Market Impact on PENGU and XRP Coins
Crypto expert Eleanor Terrett commented on the matter, stating, “The procedural vote on cryptocurrency bills failed because of the ‘no’ votes from some members of the Republican Freedom Caucus. Their concerns mainly arise from CBDCs and the bills not being presented as a package.”
Now, what’s next? Sources indicate that the party leadership is working on a new agreement to retry the vote tonight.
Crypto analysts like Phoenix are not expecting an altcoin bull market similar to those in 2018 and 2021. While some altcoins might witness impressive gains, the sheer volume of cryptocurrencies dilutes potential profits, as increased competition balances earnings.
Currently, BTC has weakened following the opening of the US market, slightly shaking altcoins due to ongoing losses. XRP Coin, continuing to find buyers above $2.84, might test $3, and if it closes above this, it could exceed $3.4, reaching a new ATH. This demand surge is linked to Ripple 
$0.002033‘s recent major announcements and the conclusion of a long-standing lawsuit.
PENGU made a strategic move at the right time, with its recent Coinbase listing shining brightly. Though it’s a new altcoin without set limits, its combination of NFT and meme characteristics makes PENGU one of the most profitable options currently. A 140% gain in six days is remarkable. If it achieves closings above $0.02776, it could surpass the $0.0369 and aim for $0.04672 resistance, potentially embarking on a new ATH journey.
