The House on Thursday passed a bill setting up a regulatory framework for payment stablecoins, sending the cryptocurrency bill to President Trump’s desk and marking a major win for the industry.

Lawmakers voted 308-122 to pass the GENIUS Act following a tumultuous “crypto week” in the chamber that saw competing GOP factions bring the House floor to a standstill for two days.

Twelve Republicans voted against the measure while 102 Democrats voted "yes."

The bill regulating dollar-backed digital tokens now heads to Trump’s desk, where he has indicated he is eager to sign it.

The legislation’s future appeared in jeopardy less than 24 hours earlier.

A group of hard-line Republicans tanked a procedural vote on a trio of crypto bills Tuesday, freezing the floor.

President........

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