The stablecoin bill, known as the Genius Act, and the crypto market structure bill, known as the Clarity Act, both received notable bipartisan support. Democratic lawmakers joined with Republicans to pass the stablecoin bill 308-122.

The U.S. House of Representatives has passed the CLARITY Act, a landmark bill that defines whether cryptocurrencies are securities or commodities.

The SEC chairman called the stablecoin legislation a “historic step” in making the US the crypto capital of the world. The bill, which sets regulatory rules for dollar-backed stablecoins, would require firms to hold dollar-for-dollar reserves in short-term government debt or similar products overseen by state or federal regulators.

Republicans who voted against the cryptocurrency regulation legislation said they objected to how the bills were structured.

Some politicians are more popular (or memorable) than others — these 25 individuals are the most popular Republicans in the U.S.

The Republican-controlled U.S. House of Representatives cleared key procedural hurdles on crypto legislation on Wednesday, a day after President Donald Trump intervened to save the initiative, paving the way for the first federal law for digital assets.

US House passes CLARITY Act, bringing much-needed structure to the fragmented digital asset ecosystem and clarifying roles of SEC and CFTC.

United States Congressional lawmakers debate key pieces of crypto regulatory bills on the floor of the House of Representatives.