Congressional Democrats argued the rescissions bill would validate the Trump administration’s efforts to freeze congressionally-approved spending that it disagrees with.

“These cuts will significantly impact all of our stations, but will be especially devastating to smaller stations and those serving large rural areas,” Kerger added.

One of the three bills, legislation to regulate a type of cryptocurrency called stablecoins, had already passed the Senate with broad bipartisan support and will now head to Trump’s desk.

Poised to enact its first major legislation regulating cryptocurrency, the United States is pushing digital money into the mainstream.

"The Genius Act will go down in history as a law that served as a foundational step in mainstreaming of crypto as an asset class," said Chris Perkins, president, CoinFund.