Trump's Crypto Cash Hurdle Blocks Industry Progress

The crypto industry is facing a crisis after its landmark bill was blocked in the Senate. The blame has been shifted from Democrats to President Donald Trump and his $1.4 billion in income generated from crypto ventures last year.

The alliance between the crypto industry and Trump had brought major wins in Washington, but now it's becoming an obstacle. The industry is confronting the other side of its embrace of Trump, who has become a liability.

Some critics are pointing out that the industry's support for Trump was a Faustian bargain, where they traded their values for regulatory gains.