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 on Thursday passed the first major piece of nationwide legislation to regulate cryptocurrencies, a move widely expected to bring the once-obscure payment technology further into the mainstream economy.

The U.S. House of Representatives passed a bill on Thursday that would develop a regulatory framework for cryptocurrencies and expand the Commodity Futures Trading Commission's oversight of the industry.