The House of Representatives voted to regulate digital currencies and protect their owners on Thursday during what many lawmakers called "crypto week."

The House of Representatives today approved GENIUS, clearing the way for stablecoin act to go to President Trump for signature. It also passed CLARITY market structure legislation, sending it to the Senate.

This bill is now on President Trump’s desk, making it the first major piece of crypto-focused legislation on track to become US law.

The House of Representatives passed the GENIUS Act, making it the first major piece of federal legislation to regulate stablecoins.

GLXY, HOOD and RIOT rally as the GENIUS Act clears the House, setting the stage for sweeping U.S. stablecoin regulation.

After clearing a procedural hurdle in the House of Representatives by a 215-211 vote on 16 July, the GENIUS Act now heads to floor debate, having already secured bipartisan Senate

The crypto industry has scored a historic win this week after the stablecoin bill was cleared by the U.S. House and set for President Donald Trump’s final approval into law. House lawmakers voted 308-122 to adopt the GENIUS Act.

The US House on Thursday passed major bipartisan legislation that aims to regulate a type of cryptocurrency known as stablecoins, sending the bill to the president’s desk for his signature.