New York Times: While many Republicans embraced the bill, Democrats largely opposed it. Many of their concerns centered on President Trump, who generated $1.4 billion from a network of crypto businesses last year. Democrats wanted stronger language to prevent the president and other public officials from using crypto to make money.
….“All President Trump wants is for the Senate to give him time to crime, and I won’t support any piece of legislation that enables him,” Senator Ruben Gallego, Democrat of Arizona, said in a statement after the vote. “This legislation failed squarely because Republicans refuse to say no to the president.”…