The fate of long-awaited cryptocurrency legislation in the U.S. Congress was cast into doubt Tuesday, as a procedural vote to consider the measures was shot down by lawmakers from both parties, and shares of some companies in the sector fell.

The House has advanced three crypto bills after an hours-long impasse over language barring the creation of a central bank digital currency. After more than nine hours, the House voted 217-212 Wednesday night in favor of a procedural vote that sets the terms of debate on the crypto legislation and an unrelated bill funding the