Trump signs 1st major crypto bill into law
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A legislative win in Congress, and the promise of more to come, has helped lift the prospects and the wealth of the cryptocurrency industry.
House Republicans are struggling with cryptocurrency legislation that they had expected to pass during what they dubbed “crypto week.”
The House has been thrust into a sudden state of crypto chaos. Conservative hardliners staged an unexpected rebellion on the House floor that brought down a procedural vote to allow the chamber to take up a slate of digital assets bills, briefly hijacking a long-planned “crypto week” from GOP leaders in a bid to avoid getting jammed by the Senate.
It was a remarkable win for the crypto industry — and for President Trump, who campaigned on making the country "the crypto capital of the planet."