Senators are Negotiating Ethics Rules for a Major Cryptocurrency Bill, but Talks remain Tense and Divided.
Democrats want Restrictions on Government Officials’ Involvement with Digital Assets, largely because of Concerns about the Trump (R) Family’s Crypto Businesses.
Republicans Argue Democrats are Creating Unnecessary Obstacles, with Sen. Bernie Moreno (R-OH) calling the Negotiations a “Circus.”
Despite Disagreements, some Lawmakers say Progress is being made. Negotiator Ruben Gallego (D-AZ) and Negotiator Cynthia Lummis (R-WY) both Described the Talks as Constructive, though they Acknowledged Challenges remain.
A White House Crypto Adviser is Involved in the Nnegotiations, but Lawmakers say any Final Ethics Aagreement will need Approval from Trump. Lummis and Sen. Kirsten Gillibrand (D-NY) may Meet with Trump if Needed.
The Main Dispute Now is Procedural: Republicans say Ethics Provisions Cannot Legally be Added to the Senate Banking Committee Bill, before 5/14/2026’s Markup, while Democrats Insist the Issue must be Resolved before the Legislation moves Forward.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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