The United States Congress passed the country's first major standalone crypto bill on Thursday.

The landmark vote signals a sea change in the U.S. stance toward these digital currencies.

The House approved the GENIUS Bill with a 308-122 vote with significant Democratic support, adopting regulations for a type of cryptocurrency known as stablecoins that proponents believe will fundamentally change the world of commerce.

It was a remarkable win for the crypto industry — and for President Trump, who campaigned on making the U.S. "the crypto capital of the planet." He, along with his family, also stand to benefit from this, given their financial interests in a crypto company that has issued its own stablecoin.

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