Didn’t expect this pro-crypto bill to flop in the end. Even senators like Gillibrand, Warner, and Booker, who previously represented the Democrats in early discussions with Republicans about the bill, ended up voting against it. Looking at the general consensus, Democrats believe the final version of the bill fails to effectively address conflicts of interest between officials—especially the president and their family—and cryptocurrency businesses. Trump’s crypto-related income in 2025 is estimated to reach around $1.4 billion, involving family companies like WLFI and meme coins. Democrats are demanding stricter measures, such as divesting existing holdings, covering children and other family members, and banning paid promotions—not just prohibiting officials from participating in token issuance or endorsing crypto projects. They also question the current reliance on the Department of Justice for crypto enforcement, arguing it’s insufficient to hold the president accountable. While there’s been a concession to allow state attorneys general to file lawsuits, it’s still not enough. As president, Trump definitely wouldn’t want this bill to pass and give Democrats the chance to investigate his family and sons, so this is where things are stuck. The breakdown in negotiations happened at the last minute before the vote. Although Republicans claimed to have incorporated 126 amendments proposed by Democrats, some changes—especially those targeting Trump’s businesses—were rejected. So, in frustration, the Democrats all voted against it. #CryptoNews #Politics