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.

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.

U.S. crypto investors moved a step closer to getting more regulatory clarity after the House of Representatives voted to advance three pieces of crypto-related legislation on Thursday, with one of them expected to be singed into law soon.