Crypto executives poured millions into Trump’s campaign, and now he’s helping to make their priorities into law.

Cryptocurrency has gained a hold in Americans’ investment portfolios and their retirement accounts — and now it’s a step closer to their wallets for everyday use.

Ripple CEO Brad Garlinghouse compares the passing of the GENIUS Act to that of the historic 2010 Dodd-Frank Act.

The Genius Act passed in the House by a 308-122 vote after it was passed in the Senate last month with broad bipartisan support. The landmark legislation lays out the rules of the road for the $250 billion market for stablecoin,

The House took a record nine hours to vote to advance the legislation Wednesday as Republican leaders negotiated with conservative holdouts who blocked the trio of bills.

The House voted to advance key crypto bills on Wednesday, after more than 9 hours of negotiations, President Trump intervention.

Bitcoin and other major cryptocurrencies traded higher Wednesday after President Donald Trump said he expects the House to pass the GENIUS Act.

Juan Leon, research analyst at Bitwise Asset Management, said these companies' ability to buy bitcoin suggests they represent a bigger source of recent demand than pension, endowment and hedge funds that are major players in stock and bond markets. Strategy and GameStop did not respond to requests for comment.