
Why Trump backed a crypto ethics rule that stopped at the family business
Washington nearly imposed new limits on officials' crypto wealth, but family businesses exposed where those limits stopped.
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Washington nearly imposed new limits on officials' crypto wealth, but family businesses exposed where those limits stopped.

Seven Democratic switches plus Tillis would still leave the bill below 60, with ethics, stablecoins and House alignment unresolved.

Several Democrats who helped negotiate the crypto bill voted no, leaving Republicans short of the 60 votes needed to advance it.

The crypto bill had climbed to 34% odds within the past day, but wavering Republicans and a Democratic counteroffer have sharply reversed expectations.

A House vote on Sept. 16 will test whether the 78 Democrats who backed crypto market rules are willing to extend that support to a federal Bitcoin reserve.

Banking groups, Democratic senators and developer advocates are attacking the concessions Republicans hoped would unlock 60 votes.

Republicans say the bill now includes 126 Democratic demands, with new concessions on Trump ethics, stablecoin rewards, developer protections and exchange conflicts.

The president accepted most of a bipartisan crypto ethics proposal as Republicans moved to break the bill’s months-long Senate impasse.

The crypto industry is unleashing national ads, but Republican senators say the bill could still fail over ethics restrictions tied to Trump’s crypto interests.




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