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.

Bitcoin and Ethereum have performed very differently this year. Bitcoin has continued to reach new all-time highs. Ethereum has barley budged as investors try to understand if the network's use case can stand the test of time.

On Thursday, the House passed a bundle of crypto bills, sending one, the stablecoin legislation known as the GENIUS Act, to President Trump's desk. It is expected to be sign into law Friday afternoon and become the first ever piece of major crypto legislation in the U.S.

Texas is the third state to install a cryptocurrency reserve, following New Hampshire and Arizona. Sen. Hagenbuch said he isn’t sure what the future of cryptocurrency in Texas will be, but he will do his best to look out for the best interests of Texans.

Peter Schiff has criticized signing of three Crypto bills - GENIUS Act, CLARITY Act, and anti-CBDC - calling it a "legislative low point".

Bitcoin (BTC-USD) gained 0.6% to $118K in Wednesday morning trading, lifting crypto-related stocks, after President Donald Trump said he persuaded some conservatives that were blocking a vote on crypto legislation to let the bills proceed.

Crypto firm Bitcoin Standard Treasury Company said on Thursday it is aiming to list on the Nasdaq, with over 30,000 bitcoin on its balance sheet, through a merger with a Cantor Fitzgerald-backed blank check vehicle.

Bitcoin price traded down while XRP, Ether, Solana and Dogecoin soared Thursday. Key legislation for crypto, including the GENIUS and CLARITY Acts are currently moving through Congress.