The House this week took up a trio of bills that would establish a federal framework for regulating the cryptocurrency industry. One of the measures cleared Congress and is on its way to enactment.

Leo Fan of Cysic says the GENIUS Act provides legal clarity, but scalable infrastructure and trusted custody are still needed for crypto’s real-world integration.

The second attempt to advance a pair of crypto bills came after President Donald Trump intervened Tuesday evening to get the holdouts on board.

The U.S. House of Representatives has passed the CLARITY Act, a landmark bill that defines whether cryptocurrencies are securities or commodities.

The stablecoin bill, known as the Genius Act, and the crypto market structure bill, known as the Clarity Act, both received notable bipartisan support. Democratic lawmakers joined with Republicans to pass the stablecoin bill 308-122.

Wisconsin is currently considering new laws to protect its residents from the menace of crypto scams. According to reports, residents in Wisconsin have lost thousands to the growing crypto scam, showing the need for better regulations that aim to protect them from losing more.