The House on Wednesday finally mustered the votes to adopt a rule governing floor debate on crypto bills and the Defense spending bill.

Trump and GOP lawmakers said that they had the votes necessary to pass landmark crypto legislation in the House.

The future of three crypto bills in Congress is uncertain as Republican infighting grows over key elements of the legislation. House Speaker Mike Johnson can only lose three Republican votes and still get the legislation passed in a party-line vote.

After a failed House vote, Trump says 11 of 12 key lawmakers now back advancing the GENIUS Act. One day after the U.S. House failed to advance a key crypto legislative proposal, President Donald Trump announced on Truth Social that 11 of the 12 key lawmakers needed to support the GENIUS Act have now agreed to support the rule to advance the bill.

Crypto powerhouse Tether, the world's largest digital assets company, is leveraging its recent acquisition of a South American agricultural firm to make a strategic play for the multi-trillion dollar a year global commodities trade.

U.S. Rep. Shri Thanedar's investment in cryptocurrency for his reelection campaign is paying off, contributing to a nearly $8 million war chest.