According to Ainvest, the U.S. Senate voted 46-54 to reject an anti-cryptocurrency corruption amendment proposed by Senator Jeff Merkley that would have prohibited elected officials from using their positions to obtain improper benefits for individuals in the cryptocurrency space.
The main goal of the amendment is to prevent government officials from obtaining "unfair benefits" by promoting specific cryptocurrencies or realizing self-interest through "cryptocurrency programs". Specific measures include prohibiting officials from publicly promoting specific cryptocurrencies, strengthening disclosure requirements for currency holdings, restricting cryptoasset transactions while in office, and preventing conflicts of interest.
Senator Merkley said on social media X that the failure of the amendment was mainly due to opposition from Republicans.
The US Senate voted 46-54 to reject the Anti-Cryptocurrency Corruption Amendment
2025-07-01 10:03:39
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