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Investing.com -- The U.S. House of Representatives cleared a key procedural hurdle Wednesday for several cryptocurrency bills, setting the stage for their likely passage after President Donald Trump intervened to save the initiative.
The procedural vote advances the package of digital asset legislation toward final consideration, representing a potential major victory for the cryptocurrency sector if ultimately approved.
The successful vote came just one day after conservative Republicans had helped defeat a similar procedural measure amid disagreements over how to proceed with the bills.
President Trump’s intervention appears to have been crucial in reviving the legislative effort after the initial setback. The Republican-controlled House is now positioned to vote on final passage of the cryptocurrency measures.
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