The House this week took up a trio of bills that would establish a federal framework for regulating the cryptocurrency industry. One of the measures cleared Congress and is on its way to enactment.

The House floor was locked at a standstill Wednesday afternoon as a diverse array of House Republicans sparred over a trio of cryptocurrency bills and Speaker Mike Johnson (R-La.) searched for

The House passed a key procedural vote advancing crypto bills GENIUS and Clarity, setting up final debate and votes.

After an earlier setback for the Trump administration when House Republicans failed to advance a key procedural vote on a package of legislation including three crypto measures, President Donald Trump said late Tuesday he has made a deal with Republican members of Congress to advance the legislation on Wednesday.

Last week, the Senate appropriations process took an unexpected turn on another spending bill when Sen. Lisa Murkowski, R-Alaska, joined Democrats to back an amendment from Maryland Sen. Chris Van Hollen regarding the future of the FBI headquarters building.

The Republican-controlled U.S. House of Representatives cleared a key procedural hurdle Wednesday, setting the stage for likely passage of several cryptocurrency bills a day after President Donald Trump intervened to save the initiative.