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Senate Democrats Tank GOP Crypto Bill

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“Senate Democrats on Thursday voted down a procedural motion that would allow the upper chamber to take up landmark GOP-led cryptocurrency legislation, delivering a stunning blow to Republicans on one of their first major policy pushes since clinching a trifecta,” Politico reports.

“The upper chamber voted 48-49 not to proceed on the crypto bill, squashing the effort following a chaotic week of negotiations in which the GOP backers of the legislation sought to win over a group of key Democratic holdouts.”

Bloomberg: “Republicans rebuffed Democrats’ demands to include a provision barring Trump and other senior officials from profiting off of crypto ventures while in office.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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