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