Senate Democrats Say They Want a Crypto Bill—But Republicans Tanked Negotiations
The post Senate Democrats Say They Want a Crypto Bill—But Republicans Tanked Negotiations appeared on BitcoinEthereumNews.com.
In brief Senate Agriculture Democrats say they want to pass a crypto market structure bill, but that Republicans are derailing the process. Republicans advanced a GOP-only draft on a party-line vote Thursday, with all Democrats opposing. Democrats say support hinges on ethics provisions barring the president and other officials from profiting from crypto. Democrats on the Senate Agriculture Committee said Thursday they are deeply committed to passing a crypto market structure bill—but argued that Republicans, and particularly the White House, have risked derailing the legislation by walking away from bipartisan negotiations. For months, senators on the committee from both parties have worked to find common ground on a bill that would firmly legalize most of the U.S. crypto industry. But earlier this month, committee chair Sen. John Boozman (R-AR) opted to move a GOP draft of the bill forward—one lacking any Democratic buy-in. At a committee markup of the bill Thursday, all 11 Democrats voted against passing the bill onto the Senate floor—but the legislation still squeaked by, with all 12 Republicans voting in favor. That victory could prove to be a Pyrrhic one, given the legislation will require bipartisan support to ultimately pass. During this morning’s markup, Sen. Cory Booker (D-NJ) said he and his colleagues want to get to yes on the bill, but Republicans cutting off negotiations has made achieving that goal difficult. “To be clear, the product put before us today is not the bipartisan draft we’re working on,” Booker, Democrats’ lead crypto negotiator on the committee, said. “Right now, our inability to work together and move together in this final process is undermining our ability to get it done.” Booker said even last night, he was working with stakeholders to resolve DeFi-related issues in the bill—but that such progress was not reflected in the…
Filed under: News - @ January 29, 2026 5:24 pm