Democrats Give In On Crypto Bill That Would Benefit Trump
WASHINGTON — Senate Democrats helped clear the way for passage of a landmark cryptocurrency bill on Wednesday as the industry capitalizes on the tens of millions of dollars it spent on congressional elections last year.
The 68-30 vote to advance the bill occurred amid growing scrutiny of President Donald Trump’s various crypto dealings, which have enriched his family and presented unprecedented conflicts of interest for his administration. Eighteen Democrats voted “yea.” A final vote on passage is expected next week.
The legislation, titled the Guiding and Establishing National Innovation for U.S. Stablecoins Act, or GENIUS Act, would be a first step toward making the scam-riddled cryptocurrency industry part of the U.S….
