Senate Blocks Cryptocurrency Regulation

WASHINGTON (AP) — Senate Democrats have blocked legislation to create a new regulatory framework for cryptocurrency. In doing so, they are stalling an industry-backed effort to place new guardrails around digital assets after demanding more limits on President Donald Trump’s investments. Tuesday’s vote was a pivotal election-year test for the $2.3 trillion cryptocurrency market and came as Trump has amassed significant crypto wealth while in office. While some Democrats are friendly toward the industry and support the idea of regulation, they have been adamant that the bill include strong ethics safeguards to prevent Trump and his family from enriching themselves in office.