Senate Advances Crypto Regulation Bill With Bipartisan Support
The New York TimesTuesday, May 20, 2025 at 1:57:23 AM
** A bipartisan group of senators has moved forward with a bill to regulate cryptocurrencies after some Democrats dropped their earlier objections. Initially, they had blocked the measure over worries that President Trump might personally benefit, but they now argue that cracking down on the crypto industry can’t wait. Senator Mark Warner acknowledged concerns about Trump’s ties to crypto but called the bill progress.
What This Means: ** This isn’t just another political back-and-forth—it signals that crypto regulation is gaining real momentum, even in a divided Congress. With both parties finding rare common ground, it suggests that lawmakers see the wild west of digital currencies as a problem that needs fixing now, not later. Whether you love or hate crypto, this could shape how it’s used (and controlled) in the U.S. for years to come.
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