Democrats call for investigation into Trump family crypto deal over potential foreign influence
- Senate Democrats blocked the GENIUS Act, a bipartisan bill regulating stablecoins, after a 49-48 vote on or before June 8 in the U.S. Senate following months of negotiation.
- The blockage stemmed from Democratic concerns that the bill, introduced by Senators Hagerty and Lummis and advanced in March by an 18-6 Senate Banking Committee vote, lacked sufficient protections and needed further revisions.
- Key Democrats led by Elizabeth Warren criticized the Republican-drafted legislation for risking national security, undermining consumer protections, and potentially exposing taxpayers to bailout liabilities tied to wealthy investors' risks.
- Nine Senate Democrats penned a letter last Saturday demanding stronger provisions on anti-money laundering, national security, foreign issuer oversight, and financial system safeguards before advancing the bill.
- Senate Majority Leader John Thune urged senators to vote for cloture to allow further floor negotiations, while Democrats signaled willingness to reach a deal if their concerns are properly addressed.
106 Articles
106 Articles
Associated Press News
The crypto industry saw Trump as a champion. Some now fear he's putting personal profits first
It seems like a triumph for a cryptocurrency industry that’s sought mainstream acceptance: Top investors in one of President Donald Trump’s crypto projects invited to dine with him at his luxury golf club in Northern Virginia on the heels of the Senate advancing key pro-crypto legislation and while
Donald Trump dives into a pile of foreign crypto and more May 10 political cartoons
(Image credit: Harley Schwadron / Copyright 2025 Cagle Cartoons, Inc.) (Image credit: R.J. Matson / Copyright 2025 Cagle Cartoons, Inc.) (Image credit: Steve Breen / Copyright 2025 Creators Syndicate)
I WITNESS: Cryptocurrency - The Berkshire Edge
As has been repeatedly established, Donald Trump is a criminal who has spent a lifetime breaking the law, ducking accountability, stiffing his workers, ripping off purveyors, and selling gaudy, gold-plated crap to people with more money than taste. One might also recall that Trump pretended—unconvincingly—to sort of respect (but not really) presidential norms for the first part of his first term. For instance, he refused to provide a full copy o…
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