The stablecoin bill, known as the Genius Act, and the crypto market structure bill, known as the Clarity Act, both received notable bipartisan support. Democratic lawmakers joined with Republicans to pass the stablecoin bill 308-122.

Office of Management and Budget Director Russell Vought said there will likely be additional rescission packages.

The House of Representatives is poised to consider a $9 billion spending cuts package approved by the White House.

The U.S. Senate early Thursday voted to rescind some $9 billion in federal funding for foreign aid and public broadcasting.

The House is planning to vote on the Senate-passed version of President Trump's "Big, Beautiful Bill" as soon as Wednesday morning.

The raise is consistent with the Trump administration's budget request for next year, as is the overall value of the House bill.