WASHINGTON, July 15 (Reuters) -

U.S. President Donald Trump on Tuesday stepped in to broker

an agreement among Republican lawmakers after a snag cast doubt

on the fate of long-awaited cryptocurrency legislation that

would mark a major victory for the digital assets sector.

A failed procedural vote in the House of Representatives

earlier on Tuesday sent shares of crypto firms lower. But the

Republican president said in a statement late on Tuesday that he

was meeting in the Oval Office with 11 of 12 members of Congress

needed to pass the legislation.

"After a short discussion, they have all agreed to vote

tomorrow morning in favor of the Rule," Trump

said

on his social media platform.

House Republicans had billed this week as "Crypto Week," and

were keen to advance numerous pieces of legislation aimed at

providing clarity to the digital asset industry and long-sought

legitimacy to the sector.

Several conservative Republicans on Tuesday earlier joined

with Democrats in blocking a procedural vote to allow

consideration of three crypto bills as part of a dispute over

how the measures should be packaged and considered.

Shortly after that vote, House Speaker Mike Johnson told

reporters that he planned to continue discussing the matter with

members and hoped to vote on it again shortly.

Shares of crypto-related stocks including Circle Internet ( CRCL )

and Coinbase Global ( COIN ) fell on the news of the

vote but then pared losses.

The House is attempting to pass a series of crypto-related

bills, most notably a bill that would establish a regulatory

framework for stablecoins.

Stablecoins, a type of cryptocurrency designed to maintain a

constant value, usually a 1-to-1 dollar peg, are commonly used

by crypto traders to move funds between tokens. Their use has

grown rapidly in recent years, and proponents say they could be

used to send payments instantly.

That bill - and another the House is considering that would

define when a crypto token is a commodity - would be a huge win

for the crypto industry.

The House also was set to consider a bill that would

prohibit the U.S. from issuing a central bank digital currency.

Republicans say there is a risk this could give the government

too much control over Americans' personal finances.

That bill has not been considered in the Senate and the

Federal Reserve has not indicated a desire to develop a central

bank digital currency.