Ether, the second largest cryptocurrency after Bitcoin, continued to surge Friday after the House of Representatives approved three crypto-friendly bills that could give digital assets increased legitimacy.

The Trump administration is actively exploring a de minimis tax exemption for Bitcoin transactions to eliminate barriers to everyday Bitcoin and crypto use,

Meanwhile, altcoins saw sharp upside across the board. Ethereum surged over 8% to trade at $3,674, its highest level in more than six months. XRP jumped 15.4% to reach $3.63, staging one of its strongest rallies of the year.

Crypto legislation could get its first big win in Washington on Wednesday, July 16, as Congress readies for a key vote on the GENIUS Act. Yahoo Finance Senior Reporter Allie Canal and Yahoo Finance Markets Reporter Josh Schafer explain what's in the bill,

Zack Shapiro, head of policy at the Bitcoin Policy Institute, breaks down the three crypto-related bills currently sitting in the U.S. House of Representatives.

Thirteen Republicans voted against a motion to advance three pro-crypto bills, 12 of whom Trump said would now vote differently.

Ripple CEO Brad Garlinghouse compares the passing of the GENIUS Act to that of the historic 2010 Dodd-Frank Act.