WASHINGTON—The GOP-controlled Congress canceled $9 billion in federal spending for foreign aid and public broadcasting, following through on President Trump’s efforts to defund the programs and overcoming some resistance among Republican lawmakers.

The House is expected to approve President Donald Trump’s request to claw back about $9 billion in already appropriated funding for public broadcasting and foreign aid Thursday evening.

Senator Lisa Murkowski, from Alaska, was one of two Republicans who joined all Democrats in voting against the bill, in part due to the cuts to public broadcasting.

Proponents of the legislation have argued that the bill would help modernize America’s financial system and break down the barriers between existing financial markets and cryptocurrency.

The cryptocurrency industry reached a major milestone in Washington on Thursday, as Congress cleared legislation outlining the first federal rules for stablecoins, a popular form of digital currency....

One of the bills, which would regulate a type of cryptocurrency called stablecoins, has already passed the Senate with broad bipartisan support and will head to Trump’s desk if it passes the lower cha...