U.S. President Donald Trump on Tuesday stepped in to broker an agreement among Republican lawmakers after a snag cast doubt on the fate of long-awaited cryptocurrency legislation that would mark a major victory for the digital assets sector.

House lawmakers in Washington were due to convene on Thursday afternoon to consider passing the stablecoin bill and another that would develop a regulatory framework for cryptocurrencies more broadly.

Founder William Quigley discusses crypto legislation and what to expect. He speaks with Romaine Bostick and Scarlet Fu on “The Close.” (Source: Bloomberg)