US Crypto Bill Collapses Amid Trump Family Business Concerns

A contentious crypto bill has stalled in the US Senate after Democrats rejected the latest version unveiled by Republicans. The bill aimed to rewrite Wall Street regulations to accommodate digital assets, but Democrats expressed concerns that it didn't do enough to crack down on potential conflicts of interest involving former President Trump's family business.

Trump's cryptocurrency ventures earned him over $1.4 billion in income in 2025, according to reports. Democrats pushed for policy changes to address these issues and ensure prosecutors have the authority to go after illicit finance.

The bill would have divvied up oversight of digital assets between the Commodity Futures Trading Commission and the Securities and Exchange Commission. Leading crypto companies had been pushing for its passage, hoping it would bring legal certainty and help legitimize digital assets as mainstream financial products.