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,

Trump posted on Truth Social that he has reached an agreement with 11 of the 12 Republicans in the House, whose votes are necessary to pass the GENIUS Act.