A sweeping crypto bill goes to a vote soon in the Senate. It could mark a watershed moment for the industry
President Donald Trump had been hearing the message loud and clear for weeks about the sweeping cryptocurrency bill being written in the Senate: to get it across the line, he would have to agree to ethics provisions that apply to him, too. First, Trump agreed to a measure that would bar him and his wife from issuing the types of meme coins that they swiftly launched as he prepared to return to…
President Donald Trump has been aware for weeks of the sweeping cryptocurrency bill being drafted in the Senate. To pass this bill, he would need to agree to ethics provisions that apply to him as well. Trump initially agreed to a measure that would prohibit him and his wife from issuing meme coins after launching a series of them while preparing for his second term.
Late Sunday, Republicans revealed Trump had consented to a tougher ethics proposal demanded by several key senators. The Senate vote on the cryptocurrency bill on Tuesday could be a watershed moment for the industry worth $2.3 trillion, but it depends on the extent of Trump's compliance with the ethics measures. The fate of the bill hangs on the Trump-focused ethics fight.
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- Crypto bill falls short in early hurdle on Senate floor thehill.com
- Crypto Clarity Act flames out in failed U.S. Senate vote coindesk.com
- Senate cloture vote on Clarity Act fails, dealing regulatory blow to crypto industry cnbc.com
- Warren blasted the Clarity Act's new ethics rules before make-or-break Senate crypto vote qz.com
- Clarity Act Stalls in Senate as Crypto Bill Fails to Clear Key Vote decrypt.co
- Crypto stocks fall as Senate blocks landmark digital asset bill investing.com
- Senate crypto bill tests Trump ethics economictimes.indiatimes.com
