US House agrees to consider crypto legislation in big win for the digital asset industry

The Republican-controlled US House of Representatives cleared key procedural hurdles on crypto legislation on Wednesday, a day after President Donald Trump intervened to save the initiative, paving the way for the first federal law for digital assets.

The votes came after more than nine hours of private talks as leaders worked to win over lawmakers skeptical of how the package was structured.

A bill to establish a federal framework for stablecoins is likely to be the first to be passed, in what would be a watershed victory for the crypto industry.

It…