Revised GOP Crypto Bill Fails to Win Democratic Support Over Ethics Concerns
Senate Republicans released a revised cryptocurrency regulatory framework bill on July 22, 2026, adding an ethics section to address potential conflicts of interest for public officials, including the president. The bill, championed by retiring Senator Cynthia Lummis, aims to set a market structure for digital assets. However, Democratic negotiators remain unsatisfied, citing President Donald Trump's crypto ventures and demanding stronger enforcement, including the ability for state attorneys general to act. Key Democrats like Senators Alsobrooks and Booker withheld support, warning the bill could die without a bipartisan deal. With a potential floor vote next week and a filibuster requiring at least seven Democratic votes, the legislative clock is ticking.
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