The House passed legislation Thursday laying out regulatory rules for the crypto industry, after GOP leadership managed to stem a revolt from competing factions in the conference that brought the floor to a standstill and left the crypto legislation in limbo.

The Digital Asset Market Clarity Act cleared the House in a 294-134 vote, with 78 House Democrats joining all Republicans to support it.

Its passage comes at the end of a rollercoaster “crypto week” in the House, during which GOP leadership had hoped to easily pass a trio of digital asset bills.

However, a group of hard-line Republicans revolted Tuesday, tanking a procedural vote and........

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