The U.S. House of Representatives appeared poised to pass key crypto legislation on Thursday, including the creation of a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins,

Republican conservatives dropped a two-day blockade of industry-backed crypto bills, opening the way for House votes on a series of measures backed by President Donald Trump. The hardliners ultimately gave way after facing pressure from Trump on Tuesday, who has embraced digital assets and been promoting the upcoming votes as “Crypto Week.”