#MarketRebound $BTC $ETH $BNB The House of Representatives passes historic cryptocurrency law and sends it to Trump after a brief revolt by conservatives.

The House of Representatives of the U.S. approved on Thursday important bipartisan legislation aimed at regulating a type of cryptocurrency known as stablecoins, and sent the bill to the president's desk for his signature.

Lawmakers gave final approval to the GENIUS Act, the first legislation of its kind to regulate cryptocurrencies, with a vote of 308 to 122, after a group of Republicans temporarily blocked the measure earlier in the week over a political dispute.

President Donald Trump had urged Republicans to vote in favor of the bill and previously expressed his enthusiasm for the legislation reaching his desk. On social media, he stated that the GENIUS Act would make the United States the “UNDISPUTED NUMBER ONE LEADER in Digital Assets.”