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Senate Punts Crypto Bill, But Regulation Fight Likely Before Midterms
['Avani Kalra', 'Is A Notus Reporter', 'An Allbritton Journalism Institute Fellow.']
NOTUS
“We’ve added 300 pages to the bill, it’s doubled in size, we’ve given [Democrats] 100 amendments they wanted,” Lummis said.
But Senate Democrats continue to oppose the bill because they say it fails to adequately limit federal officials from investing in crypto.
But both lawmakers said they will not support the bill on the Senate floor without a concrete ethics rule.
Alsobrooks told NOTUS that Democrats have been working on crypto regulation all year and are not the ones blocking negotiations.
“Democrats have worked hard,” Alsobrooks said when asked if she is concerned about the possibility of crypto political donations benefiting Republicans.