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.

Congress delivered a watershed victory for the crypto industry on Thursday, passing the first federal legislation to regulate stablecoins and clearing the way for broader use of the technology in everyday finance.

U.S. crypto investors moved a step closer to getting more regulatory clarity after the House of Representatives voted to advance three pieces of crypto-related legislation on Thursday, with one of them expected to be singed into law soon.