Donald Trump has been pushing for the passage of a crypto invoice for months. It appeared just like the Senate would possibly advance the laws on Tuesday, however Democrats reversed course and have been joined by 4 Republicans to dam the laws from advancing.
The Republicans who voted no did so as a result of the banking business raised considerations.
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Democrats voted no as a result of Republicans tried to go textual content that didn’t tackle Trump’s crypto corruption.
Politico reported:
Democrats stated new textual content unveiled by Republicans over the weekend didn’t do sufficient to crack down on Trump’s capability to revenue from his household’s crypto companies, which have been an impediment to legislating within the crypto house since he returned to workplace final 12 months. Trump earned greater than $1.4 billion in earnings by a number of crypto ventures in 2025. Democrats have been additionally pushing for coverage modifications to a pair of different sections of the measure, partly to handle considerations raised by prosecutors about their authority to go after illicit finance.
Three Republicans — Sens. Susan Collins of Maine, Josh Hawley of Missouri and Jerry Moran of Kansas — additionally voted in opposition to the measure. A number of GOP senators who voted in favor of advancing it on Tuesday stated they’d be against finally passing it with out modifications to handle considerations raised by the banking business.
Republicans wouldn’t regulate Trump, so Democrats blocked the invoice.
