Revised GOP Crypto Package Fails to Satisfy Democratic Concerns Over Ethics
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, vice president, and members of Congress. The ban on issuing or sponsoring digital assets would sunset on Jan. 20, 2029. Despite this addition, Democratic negotiators remain unsatisfied, citing President Trump's crypto ventures and demanding stronger enforcement, including allowing state attorneys general to act. Key Democratic senators who previously supported the bill now withhold support. Republicans need at least seven Democratic votes to overcome a filibuster. The legislative clock is tight, with a possible floor vote before the August 7 recess.
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