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U.S. Senate advances crypto bill setting up post-recess vote
['Pranav Kashyap', 'Sat', 'August At Pm Gmt', 'Min Read']
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Investing.com - U.S. Senate Majority Leader John Thune has taken procedural steps to advance a landmark bill establishing a comprehensive regulatory framework for cryptocurrencies, setting up a pivotal vote following Congress's summer recess.
The move marks a critical push to hand U.S. President Donald Trump and the digital asset industry a major legislative triumph.
The procedural filing signals that Senate leadership believes it can assemble the 60 votes required to overcome a Democratic filibuster in the 100-member chamber.
With Republicans holding a slim majority, the bill will require support from all voting Republicans and at least eight Democrats to clear the threshold.
Why Trump is pushing crypto & conflicts of interestThe push underscores President Trump's dramatic pivot toward the crypto industry, which has emerged as a central economic priority of his second administration.