Crypto companies such as Coinbase Global and Circle have sought legislation to bring regulatory clarity to their businesses after costly battles with regulators under the Biden administration. They found allies in Trump and many Republicans after pouring money into last year’s election.

Lawmakers in the US have passed the country's first major national cryptocurrency legislation.

Since the GENIUS Act, a bill aimed at regulating stablecoins, already passed by the Senate, the House vote now sends the bill to the executive branch to sign into law.