The US crypto industry is celebrating as Congress passed three major bills in its “Crypto Week” legislative bonanza.

President Donald Trump on Friday signed the first major federal law governing cryptocurrency, a business that Trump's family has begun forging strong ties to and has promoted in recent years.

After a week of squabbling in Washington, the cryptocurrency industry secured one of its primary legislative objectives and made progress toward a second one.

On July 17, the US House passed the CLARITY Act; the bill is now heading to the Senate, where it faces a more complex path.

In the wake of the scandal, Trump has repeatedly offended key portions of his base who believed his repeat campaign promises to make the details of Epstein’s case public, referring to them as “stupid” and accusing “naive Republicans” of being “duped” by the Democrats.

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.