Senate Set to Vote on Crypto Regulation as Democrats Push Back

The US Senate is set to vote on a bill that would create a new regulatory framework for cryptocurrency, a move that has significant implications for the $2.3 trillion market.

The legislation has been seen as a pivotal election-year test for the crypto industry, with many Democrats pushing back against it unless it includes strong ethics safeguards to prevent President Donald Trump's investments from being enriched by his family while in office.

The Senate vote comes just two months before the midterm elections and has become a major political force, with the crypto industry amassing significant wealth during Trump's presidency.