The House is expected to vote Thursday on a landmark piece of legislation to regulate cryptocurrency after its fate appeared in limbo when right-wing Republicans staged a rebellion that brought the floor to a standstill.

The spending cuts package, requested by the White House, heads back to the House ahead of a Friday deadline for Trump to sign it into law.

Both Republican senators voted yes in the early hours of July 17. The legislation returns to the House for approval ahead of a Friday deadline.

House members in the San Joaquin Valley who voted for the bill defended their decisions, despite projections that some of their constituents will lose coverage.

Live updates and the latest news as the Senate sends PBS, NPR, foreign aid clawbacks to the House and senators consider Emil Bove's nomination to a federal appeals court.

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,

Trump's $9 billion rescissions package is advancing, despite a trio of Republican defections. It targets foreign aid and public broadcasting funding.

"Now is the time to prevent any future cuts to Medicaid from going into effect,” the Missouri senator said after helping make those cuts a reality.