If passed, the Crypto Week legislation could lead to new ways to use the currencies, corporate adoption, and institutional investment.

Trump and GOP lawmakers said that they had the votes necessary to pass landmark crypto legislation in the House.

The House of Representatives passed to go ahead with key crypto legislation on July 16, which sent the crypto market rallying. Bitcoin was trading at $119,507.85 as per Kraken's price feed.

A political standoff has delayed a House vote on cryptocurrency legislation as Republicans struggle with timing constraints and internal disagreements over the GENIUS and Clarity acts.

The House passed a key procedural vote advancing crypto bills GENIUS and Clarity, setting up final debate and votes.

GENIUS Act, Anti-CBDC Act, and CLARITY Act pass procedural vote 215-211 in Congress after Trump's Oval Office intervention.

After a failed House vote, Trump says 11 of 12 key lawmakers now back advancing the GENIUS Act. One day after the U.S. House failed to advance a key crypto legislative proposal, President Donald Trump announced on Truth Social that 11 of the 12 key lawmakers needed to support the GENIUS Act have now agreed to support the rule to advance the bill.

Crypto bills stalemate continues as a key House vote drags on, with lawmakers deadlocked and major measures hanging in the balance.

The Genius Act, which passed in the Senate last month with broad bipartisan support, would create rules of the road for the $250 billion market for stablecoin, a type of cryptocurrency. The bill is also part of a broader push by Republican lawmakers and President Trump to support the cryptocurrency industry and ease regulations around the emerging sector.

Thirteen Republicans voted against a motion to advance three pro-crypto bills, 12 of whom Trump said would now vote differently.

XRP jumps 6% after the House advances the GENIUS Act, boosting Ripple’s RLUSD strategy and bringing new regulatory clarity.