Senate is expected to pass a crypto bill without addressing Trump's investments

WASHINGTON (AP) — The Senate is expected to approve legislation Tuesday that would regulate a form of cryptocurrency known as stablecoins, the first of what is expected to be a wave of crypto legislation from Congress that the industry hopes will bolster its legitimacy and reassure consumers.

The fast-moving legislation, which will be sent to the House for potential revisions, comes on the heels of a 2024 campaign cycle in which the crypto industry ranked among the top political spenders in the country, underscoring its growing influence in Washington and beyond.

kAmt:89E66? k2 9C67lQ9EEADi^^2A?6HD]4@>^2CE:4=6^56>@4C2ED\4CJAE@\86?:FD\24E\DE23=64@:?\ECF>A\h6de6f2c62hgg`34gb5a4bd2h2h2a2`hQms6>@4C2E:4 D6?2E@CDk^2m 92G6 D9@H? DFAA@CE 7@C E96 =68:D=2E:@? 2D :E 92D 25G2?465[ D:5:?8 H:E9 E96 #6AF3=:42? >2;@C:EJ 😕 E96 db\cf $6?2E6] x7 A2DD65[ :E H@F=5 364@>6 E96 D64@?5 >2;@C 3:A2CE:D2? 3:== E@ 25G2?46 E9C@F89 E96 $6?2E6 E9:D J62C[ 7@==@H:?8 k2 9C67lQ9EEADi^^2A?6HD]4@>^2CE:4=6^H92E\:D\=2A\:>>:8C2E:@?\aeef5eae`bh557d2`e5`dbbd`e623`g7QmE96 {2>:8C2E:@? 6?7@C46>6?E 😕 y2?F2CJ]k^Am

kAm$E:==[ >@DE s6>@4C2ED @AA@D6 E96 3:==] %96J 92G6 C2:D65 4@?46C?D E92E E96 >62DFC6 5@6D =:EE=6 E@ 255C6DD !C6D:56?E s@?2=5 %CF>A’D A6CD@?2= 7:?2?4:2= :?E6C6DED 😕 E96 4CJAE@ DA246]k^Am

kAm“(6 H6C6?’E 23=6 E@ :?4=F56 46CE2:?=J 6G6CJE9:?8 H6 H@F=5 92G6 H2?E65[ 3FE :E H2D 2 8@@5 3:A2CE:D2? 677@CE[Q D2:5 $6?] p?86=2 p=D@3C@@

kAmz?@H? 2D E96 vt}x&$ p4E[ E96 3:== H@F=5 6DE23=:D9 8F2C5C2:=D 2?5 4@?DF>6C AC@E64E:@?D 7@C DE23=64@:?D[ 2 EJA6 @7 4CJAE@4FCC6?4J EJA:42==J A68865 E@ E96 &]$] 5@==2C] %96 24C@?J> DE2?5D 7@C “vF:5:?8 2?5 tDE23=:D9:?8 }2E:@?2= x??@G2E:@? 7@C &]$] $E23=64@:?D]”k^Am

kAmxEVD 6IA64E65 E@ A2DD %F6D52J[ D:?46 :E @?=J C6BF:C6D 2 D:>A=6 >2;@C:EJ G@E6 — 2?5 :E 2=C625J 4=62C65 :ED 3:886DE AC@465FC2= 9FC5=6 =2DE H66@C6 C6D:DE2?46 E92? :?:E:2==J 6IA64E65]k^Am

kAm%96C6 😀 2 AC@G:D:@? 😕 E96 3:== E92E 32?D >6>36CD @7 r@?8C6DD 2?5 E96:C 72>:=:6D 7C@> AC@7:E:?8 @77 DE23=64@:?D] qFE E92E AC@9:3:E:@? 5@6D ?@E 6IE6?5 E@ E96 AC6D:56?E 2?5 9:D 72>:=J[ 6G6? 2D %CF>A 3F:=5D 2 4CJAE@ 6>A:C6 7C@> E96 (9:E6 w@FD6]k^Am

kAm{2DE >@?E9[ E96 #6AF3=:42? AC6D:56?E 9@DE65 2 AC:G2E6 5:??6C 2E 9:D 8@=7 4=F3 😕 ‘:C8:?:2 H:E9 E@A :?G6DE@CD 😕 2 %CF>A\3C2?565 >6>6 4@:?] w:D 72>:=J 9@=5D 2 D:8?:7:42?E DE2^2CE:4=6^ECF>A\4CJAE@\5:8:E2=\2DD6ED\2_gcde654dhcfcd`7b7ab3`gc65h73ahQm(@C=5 {:36CEJ u:?2?4:2=k^2m[ 2 4CJAE@ AC@;64E E92E =2F?4965 :ED @H? DE23=64@:?[ &$s`]k^Am

kAm%CF>A C6A@CE65 62C?:?8 Sdf]bd >:==:@? 7C@> E@6>6 4@:? =:? 92D 86?6C2E65 2? 6DE:>2E65 Sba_ >:==:@? 😕 766D[ E9@F89 E96 62C?:?8D 2C6 DA=:E 2>@?8 >F=E:A=6 :?G6DE@CD]k^Am

kAm%96 25>:?:DEC2E:@? 😀 3C@25=J DFAA@CE:G6 @7 4CJAE@VD 8C@HE9 2?5 :ED :?E68C2E:@? :?E@ E96 64@?@>J] %C62DFCJ $64C6E2CJ $4@EE q6DD6?E =2DE H662C

kAmqC:2? pC>DEC@?8[ rt~ @7 r@:?32D6 — E96 ?2E:@?’D =2C86DE 4CJAE@ 6I492?86 2?5 2 >2;@C 25G@42E6 7@C E96 3:== — 92D >6E H:E9 %CF>A 2?5 AC2:D65 9:D 62C=J >@G6D @? 4CJAE@] %9:D A2DE H66@?8 E96 >@C6 AC@>:?6?E 3C2?5D E92E DA@?D@C65 2 A2C256 😕 (2D9:?8E@? 4@>>6>@C2E:?8 E96 pC>J’D ad_E9 2??:G6CD2CJ — 2? 6G6?E E92E 4@:?4:565 H:E9 %CF>A’D fhE9 3:CE952J]k^Am

kAmqFE E96 4CJAE@ :?5FDECJ 6>A92D:K6D E92E E96J G:6H E96 =68:D=2E:G6 677@CE 2D 3:A2CE:D2?[ A@:?E:?8 E@ 492>A:@?D @? 6249 D:56 @7 E96 2:D=6]k^Am

Senate is expected to pass a crypto bill without addressing Trump’s investments | Business

Tags: