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International Business Times
International Business Times
Business

Democrats Block The U.S.'s Biggest Crypto Bill. They Are Demanding Concessions From Trump.

Republicans failed to pass legislation to create a new regulatory framework for cryptocurrency. (Credit: Getty Images)

Democrats blocked a legislation aimed at creating a new regulatory framework for cryptocurrency on Tuesday, demanding it includes strong safeguards to prevent President Donald Trump and his family from enriching themselves through the asset before passing it.

"Let's make sure that we do not pass a crypto bill that will let Donald Trump continue to rake in billions of dollars in crypto profits while working families across this country struggle to deal with higher prices and an economy that gets worse by the day," said Sen. Elizabeth Warren when addressing the issue.

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