Democrats Reject 616-Page GOP Crypto Bill as Ethics Fight Threatens Floor Vote
Updated
Updated · POLITICO · Jul 22
Democrats Reject 616-Page GOP Crypto Bill as Ethics Fight Threatens Floor Vote
3 articles · Updated · POLITICO · Jul 22
Summary
Seven Democratic senators said the revised 616-page crypto bill still falls short on ethics, consumer protection, illicit finance, conflicts of interest and market integrity, complicating Republicans’ push toward a floor vote.
The sharpest dispute centers on a White House-approved ethics provision in the new draft, which Democrats say does not go far enough to address concerns tied to the Trump family’s crypto businesses.
Cory Booker called the text “a Republican text” and said the only path forward is bipartisan, while Cynthia Lummis defended the bill as a legitimate framework to keep digital-asset business in the US.
The draft merges sections from the Senate Banking and Agriculture committees, leaving negotiations over enforcement and ethics as the main hurdle for a broader crypto market-structure deal.