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Senate Kills Crypto Regulation Bill Amid Trump Ethics Concerns

Guavy AI Editorial Team
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A landmark digital asset market structure bill has been blocked by US Senate in a procedural vote. The legislation, which aimed to give the Commodity Futures Trading Commission primary authority to regulate the digital assets industry, required 60 votes to advance.

The vote was contentious, with Democrats citing continued concerns over ethics provisions meant to address President Donald Trump's crypto business interests.

The long-stalled legislation has been a priority for crypto firms, which have been pushing for regulatory clarity in the space.

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