#CryptoClarityAct Victoria for the cryptocurrency sector: U.S. approves the first major bill to regulate digital assetsAdvocates of this bill claim that this legislation marks a key moment in the path to widespread adoption of digital assets, as President Trump has pushed to make the United States the "world capital of cryptocurrencies".

What the U.S. government dubbed "Crypto Week" concluded with the approval in the House of Representatives of the first federal legislation to regulate stablecoins. Having previously been approved by the Senate, it will take effect as soon as the president signs it.

Two other cryptocurrency-related bills were also approved in the House and will now move to the Senate.

This is a major victory for the cryptocurrency industry, which invested millions in last year's elections, supporting candidates like Donald Trump, who became a strong advocate for cryptocurrency investments.

The House had three cryptocurrency-related bills to approve during this 'Crypto Week'.

However, the bills were stalled for over a day due to disagreements among House Republicans on how to combine the legislation.

Bills to create a new market structure for cryptocurrency

In the end, Republican leaders submitted the three bills for separate votes. One of the three bills, legislation to regulate a type of cryptocurrency called stablecoin, had already been approved by the Senate with broad bipartisan support and will now head to Trump's desk. The other two bills - a broader measure to create a new market structure for cryptocurrency and a bill to prohibit the Federal Reserve from issuing a new digital currency - will be considered by the Senate later.$BNB