The stablecoin bill, passed on a 308-122 vote, sets initial guardrails and consumer protections for the cryptocurrency.

WASHINGTON >> The U.S. Senate early on Thursday approved President Donald Trump’s plan for billions of dollars in cuts to funding for foreign aid and public broadcasting, handing the Republican president another victory as he exerts control over Congress with little opposition.

WASHINGTON: The US House of Representatives on Thursday (Jul 17) passed landmark legislation to regulate stablecoins, sending the Bill to President Donald Trump, who is expected to sign it into law. The vote marks a watershed moment for the digital asset industry, which has been pushing for federal legisla

July 18 (UPI) -- The U.S. House of Representatives early Friday passed President Donald Trump's bill to rescind some $9 billion in foreign aid and public broadcasting funds.

The House has passed three bills intended to boost the legitimacy of the cryptocurrency industry with new regulations as President Trump has pushed to make the U.S. the “crypto capital of the world.”

WASHINGTON: The US House of Representatives on Thursday (Jul 17) passed landmark legislation to regulate stablecoins, sending the Bill to President Donald Trump, who is expected to sign it into law. The vote marks a watershed moment for the digital asset industry, which has been pushing for federal legisla

The House of Representatives struggled to advance President Donald Trump's proposed $9 billion funding cuts amid infighting among Republicans, including questions related to Jeffrey Epstein.

House approves Trump's $9 billion budget cuts for public broadcasting and foreign aid, sparking bipartisan concerns.

WASHINGTON (AP) — The House gave final approval to President Donald Trump's request to claw back about $9 billion for public broadcasting and foreign aid early Friday as Republicans intensified their efforts to target institutions and programs they view as bloated or out of step with their agenda.The vote marked the first time in decades that a president has successfully submitted such a rescissions request to Congress, and the White House suggested it won't be the last. Some Republicans were uncomfortable with the cuts, yet supported them anyway, wary of crossing Trump or upsetting his agenda.The House passed the bill by a vote of 216-213. It now goes to Trump for his signature. “We need to get back to fiscal sanity and this is an important step,” said House Speaker Mike Johnson, R-La.Opponents voiced concerns not only about the programs targeted, but about Congress ceding its spending powers to the executive branch as investments approved on a bipartisan basis were being subsequently canceled on party-line…

In voting for President Trump’s cancellation of $9 billion in spending they had already approved, Republicans in Congress showed they were willing to cede their power of the purse.

Congress approves a $9 billion spending cut targeting public broadcasting and foreign aid, overcoming GOP divisions despite the cuts making up a small share of the budget.