On today's episode of CNBC Crypto World, bitcoin trades flat while ether and XRP rise. Plus, Coinbase announces an 'everything app' to replace the Coinbase Wallet. And, Rep. Bryan Steil (R-Wisc.) discusses the House's plans to pass crypto regulation bills after an hours-long delay.

Bitcoin price and other cryptocurrencies were recovering on Wednesday following a set back to key crypto legislation Tuesday.Bitcoin is up 2.2% over the past 24 hours to $119,228, according to CoinDesk data.

"These bills are a gift-wrapped invitation for Trump to continue his full-scale crypto con," warned Rep. Maxine Waters.

Trump showed a draft letter to fire Fed Chair Powell during a GOP crypto discussion, raising questions on presidential authority.

House Democrats are introducing what is known as a discharge petition to try to force a vote on quashing President Trump's "Liberation Day" tariffs, Axios has learned. Why it matters: The long-shot effort to kill the president's initial round of tariffs comes as he is unleashing a new slate targeting top allies including Japan,

U.S. President Donald Trump intervened late on Tuesday to persuade Republican holdouts in the House of Representatives after a failed procedural vote on cryptocurrency bills dampened optimism surrounding digital asset firms.