The U.S. House of Representatives passed the bipartisan CLARITY Act on Thursday, according to Benzinga. The bill aims to resolve jurisdictional confusion between the SEC and CFTC, offering clear definitions for digital assets,

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.

The U.S. House of Representatives on Thursday passed a bill to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, sending the bill to President Donald Trump,

House passage of the measures marks a breakthrough for the digital assets sector and sends one of the bills to President Donald Trump.

On July 17, the US House passed the CLARITY Act; the bill is now heading to the Senate, where it faces a more complex path.

The CLARITY Act and two other crypto bills passed the House with Republican and Democratic support after Maxine Waters criticized them as enabling a "corrupt crypto empire."