Crypto Bill Senators Bringing to Trump Lacks Democratic Support

BLOOMBERG LAW ·

The latest version of a cryptocurrency bill Republicans are briefing President Donald Trump on this afternoon lacks Democratic buy-in, one of the lead negotiators for the party said Thursday. “We’re not signed off on the version. I have not seen any Democrat actually signed off on the version,” Sen. Ruben Gallego (D-Ariz.), who has been taking point for Senate Democrats on certain aspects of the bill, told Bloomberg Government. Gallego added that Democrats are “putting together something with some Republicans to potentially also send back,” without elaborating. At least some Senate Republicans were slated to brief the president Thursday on ... Providing news, analysis, data and opportunity insights. Log in to keep reading or access research tools and resources.

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Cryptocurrency legislation is submitted to Trump, but progresses without Democratic support, which could impact cryptocurrency markets. Investors must monitor the proceedings of this legislation carefully.

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