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.

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.

The step forward came after several Republican holdouts ultimately flipped their votes after receiving assurances from GOP House leaders that one of the measures -- a bill to prevent the Federal Reserve from issuing a central bank digital currency (CBDC) -- would be attached to the must-pass National Defense Authorization Act.

The U.S. House of Representatives on Thursday passed a bill to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, sending the bill to President Donald Trump,

US House bill H.R. 4374 would require lenders to consider crypto balances in mortgage underwriting, expanding crypto’s role in finance.

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

The U.S. House of Representatives passed the bipartisan CLARITY Act on Thursday, according to Benzinga. The bill aims to resolve jurisdictional confusion between the SEC and CFTC, offering clear definitions for digital assets,

On July 17, the US House passed the CLARITY Act; the bill is now heading to the Senate, where it faces a more complex path.