The US Senate is set to vote on Tuesday on whether to advance sweeping legislation creating a new regulatory framework for cryptocurrency, a pivotal election-year test for the $2.3 trillion market, with many Democrats arguing the bill does too little to rein in President Donald Trump's personal crypto investments, AP reported.
The procedural vote comes just two months before the US midterm elections, at a time when the crypto industry has grown into a significant political force and Trump has amassed substantial crypto wealth while in office.