finance
Senate Democrats Rebuke Trump for $1.3 Billion in Cryptocurrency Earnings
Top Democrats on five Senate committees issued a statement criticizing President Donald Trump over his cryptocurrency profits. The statement was shared first with Semafor as lawmakers prepare to advance a digital assets bill. Multiple issues in the legislation remain unresolved.
Jul 10, 5:05 AM·1m read1 source
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Top Democrats on five Senate committees rebuked President Donald Trump for earning $1.3 billion from cryptocurrency. The statement, shared first with Semafor, came from Sens. Elizabeth Warren of Massachusetts, Richard Blumenthal of Connecticut, Gary Peters of Michigan, Dick Durbin of Illinois, and Ron Wyden of Oregon.
“The disclosures heighten concerns about the president pushing Congress to pass crypto legislation in favor of the very industry he’s cashing in on,” the senators wrote. Senators are expected to release the text of a digital assets bill by Monday, people familiar with the talks said, even as multiple unresolved issues remain in the measure.
In the House, GOP leaders are searching for ways to solve an impasse caused by hardliners who obstructed legislation in protest of the lack of progress on the SAVE Act voter ID legislation and border security bills.
House Republican leaders are also talking about passing a third filibuster-bypassing reconciliation bill. The House has two weeks in session before its August recess, while the Senate has four weeks.
