Senate Republicans Warn Crypto Bill May Fail Next Week as Ethics Dispute Stalls Deal
Updated
Updated · Semafor · Sep 8
Senate Republicans Warn Crypto Bill May Fail Next Week as Ethics Dispute Stalls Deal
3 articles · Updated · Semafor · Sep 8
Summary
Next week’s Senate vote on the bipartisan crypto regulation bill is in jeopardy, with Republican senators saying the measure is likely to fail when lawmakers return.
Democrats have not seen movement on their demand for ethics rules covering President Donald Trump and his family, and Sen. Thom Tillis said the bill will fail without White House help bridging that gap.
The White House insisted Trump wants Congress to pass the CLARITY Act and said the administration has already accepted what it called the most sweeping ethics provision yet.
A defeat could spur fresh crypto-industry spending in competitive House and Senate races, though Sen. Roger Marshall said voters back home are not pressing him about the bill.