The U.S. House of Representatives appeared poised to pass key crypto legislation on Thursday, including the creation of a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins,

House Republicans on Wednesday followed directions from President Donald Trump to move forward with a package of legislation that includes three cryptocurrency measures -- a day after hard-liners defied the president and tanked it.

Bill to establish stablecoins federal framework likely to be the first to be passed, anticipating a watershed victory for crypto industry