On Tuesday, a dozen conservatives sank a procedural vote to advance three crypto bills, including the GENIUS Act, which establishes a regulatory framework for the $250 billion market for stablecoins, a type of cryptocurrency tied to the value of an asset like the U.S. dollar.

Plus, jurors reached verdicts in four of five counts but are still deliberating racketeering charges in Sean "Diddy" Combs' federal trial.

Editor's note: This page reflects the news from the House debate on President Trump's tax bill from Wednesday, July 2. For the latest news on the legislation, read USA TODAY's live updates for ...

Senate Republicans advance President Donald Trump's $9 billion spending clawback package through final procedural hurdle, with some bipartisan opposition to foreign aid cuts.

The Republican-controlled U.S. House of Representatives cleared key procedural hurdles on crypto legislation on Wednesday, a day after President Donald Trump intervened to save the initiative, paving the way for the first federal law for digital assets.

Rep. Chip Roy, a Texas Republican and fiscal hawk who voted against advancing the bill in a key House committee, told USA TODAY the Senate version that passed July 1 “violated both the spirit and the terms of our House agreement” in terms of reducing the national debt.

Congress has advanced procedural vote on President Trump's "big, beautiful bill," while contending with GOP factions and razor-thin majorities.