A group of right-wing House Republicans dealt a setback Tuesday to President Trump and GOP leaders' efforts to send legislation establishing the first-ever regulatory framework for stablecoin issuers to Trump for his signature.

On Monday, Republican leaders in the House of Representatives kicked off what they’re calling “Crypto Week”—a concerted effort to make America the cryptocurrency capital of the world by advancing three key pieces of crypto-related legislation.

Trump secures 11 GOP votes for GENIUS Act following Oval Office meeting after 196-223 defeat as vote expected tomorrow during "Crypto Week".

The GENIUS Act is back on track after Trump secured key support from lawmakers, setting up a vote that could revive pro-crypto legislation.

Backers of the Genius Act, a potentially landmark bill that could help "stablecoins" go mainstream, say it would greatly speed electronic payments.

House Republicans failed to advance a key procedural motion that would have enabled debate on the GENIUS Act and other major crypto bills earlier today, Tuesday. The failed vote stalled the highly anticipated legislative push dubbed part of “Crypto Week,

Bitcoin rose to over $120,000 on Monday, breaking the cryptocurrency’s all-time high as Congress considers several pieces of pro-crypto legislation. The digital currency peaked at around $122,600 mid-afternoon Monday before declining to around $116,

Republicans who voted against the cryptocurrency regulation legislation objected to how the bills were structured.