Democrats Send Crypto Bill Counteroffer as Trump-Backed 635-Page Text Fails to Settle Ethics Fight
Updated
Updated · POLITICO · Sep 14
Democrats Send Crypto Bill Counteroffer as Trump-Backed 635-Page Text Fails to Settle Ethics Fight
3 articles · Updated · POLITICO · Sep 14
Summary
Late Monday, Senate Democrats sent Republicans a counteroffer on the crypto bill after meeting in Chuck Schumer’s office, rejecting GOP claims that Trump-approved ethics language was the final deal.
Ruben Gallego said the new text still falls short because it lets state attorneys general sue over enforcement but does not require a president to divest crypto ventures.
Tuesday’s vote is now a key test for roughly a dozen Democrats open to backing the bill, as they balance pressure from anti-crypto progressives against the industry’s well-funded super PAC network.
Cynthia Lummis signaled little room for more talks, posting that negotiations were over, while Kirsten Gillibrand pushed fellow Democrats to vote yes and potentially expose Republican whip-count problems.
The standoff follows Republicans’ release of a revised 635-page bill and Trump’s weekend endorsement of ethics provisions meant to blunt concerns over his crypto empire.