Senate Democrats Reject Crypto Bill Draft Over Trump Ties as GOP Pushes Vote Before August
Updated
Updated · POLITICO · Jul 16
Senate Democrats Reject Crypto Bill Draft Over Trump Ties as GOP Pushes Vote Before August
3 articles · Updated · POLITICO · Jul 16
Summary
Senate Democrats said they will not back the cryptocurrency bill draft expected Thursday, warning it lacks the ethics language needed to address President Donald Trump’s crypto business ties.
Ruben Gallego said the provisions he has seen are “very weak” and would leave Trump broad latitude, while a Democratic aide said Republicans had not shown Democrats or secured agreement on the version headed to the White House.
Republicans still planned to brief Trump before releasing updated text, with Bernie Moreno saying he wants a Senate vote before the August recess and Cynthia Lummis saying she hoped the draft would come out after the meeting.
Cory Booker said negotiations were still active and not expected to finish Thursday, underscoring that the bill’s path depends on a bipartisan deal Democrats say the current draft does not have.