The U.S. House of Representatives has voted to advance the GENIUS bill, which aims to establish a regulatory framework for stablecoins, alongside the Digital Asset Market Clarity Act for broader crypto regulation. The vote came after a contentious procedural week, and the bills could be heading to President Trump's desk soon. No Democrats supported the measures, with concerns raised about potential overreach and privacy implications.

President Donald Trump intervened to help resolve a procedural snag in Congress regarding significant cryptocurrency legislation, which could greatly benefit the digital assets sector. A failed vote in the House had previously caused a decline in crypto firm shares, but Trump is now working with lawmakers to ensure the bills move forward.