The House of Representatives passed the GENIUS Act, which deals with stablecoin regulation, in a 308-122 vote on July 17.

Cryptocurrency has gained a hold in Americans’ investment portfolios and their retirement accounts — and now it’s a step closer to their wallets for everyday use.

Bitcoin and other major cryptocurrencies traded higher Wednesday after President Donald Trump said he expects the House to pass the GENIUS Act.

US House passes GENIUS Act to regulate stablecoins, sending bill to President Trump for signature. First major crypto law mandates 1:1 reserves and transparency.

White House Press Secretary Karoline Leavitt also said that President Trump opposes the creation of a central bank digital currency.

The House took a record nine hours to vote to advance the legislation Wednesday as Republican leaders negotiated with conservative holdouts who blocked the trio of bills.

In what's now officially the longest vote in the history of the U.S. House of Representatives, lawmakers stalled for over seven hours and 24 minutes Wednesday night over a cryptocurrency rule vote that nearly imploded under GOP infighting.

President Donald Trump has announced that he made a deal with most of the House Republicans who derailed a procedural vote on a package of legislation, including three cryptocurrency bills.Trump wrote on Truth Social on Tuesday night: "I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS Act and,