The House of Representatives passed two bills Thursday afternoon that will create regulatory frameworks for both cryptocurrencies and stablecoins. If the bills are enacted, it will be the first time digital assets are officially introduced into the United States financial system.

Some lawmakers are calling for new ethics rules that would bar the president from issuing or owning digital assets, such as cryptocurrency.

The crypto industry was headed for a landmark moment in the House with three bills that it helped push going to a vote. But a coalition of ultraconservative House Republicans staged a mutiny.

There would be a great irony if cryptocurrency — which was created in 2008 to provide an alternative to the mainstream financial system that had just failed — led to another economic crash. But that is what a handful of experts fear could happen now that Congress has passed the GENIUS Act, a major piece of crypto legislation.

Experts say the legislation could unleash a tidal wave of new stablecoins—and fresh complaints about President Trump's crypto entanglements.

The week ahead on Capitol Hill will be a defining moment for cryptocurrency legislation in the country. Lawmakers are preparing for what’s being referred to as “Crypto Week,” a packed slate of votes and discussions that could determine how crypto,

The fate of long-awaited cryptocurrency legislation in the U.S. Congress was cast into doubt Tuesday, as a procedural vote to consider the measures was shot down by lawmakers from both parties, and shares of some companies in the sector fell.