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Crypto Darling Gillibrand’s 11th-Hour Flip-Flop Helps Block Trump Crypto Bill

Crypto Darling Gillibrand’s 11th-Hour Flip-Flop Helps Block Trump Crypto Bill

Hours before joining progressives to block a crypto bill that critics said was a handout to President Donald Trump, a top Senate Democrat was lobbying her colleagues to pass the legislation.

Sen. Kirsten Gillibrand, D-N.Y., a centrist who leads the Democratic Senatorial Campaign Committee, privately urged fellow Democrats to support advancing a crypto bill that would have created a regulatory framework for the industry, according to reporting in Politico.

Her pleas fell on deaf ears, however, as progressives including Sen. Elizabeth Warren, D-Mass., mounted a public campaign against the bill. The critics said the bill would allow President Donald Trump to add to the $1.4 billion in crypto profits he pocketed last year.

When it…

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