MarketPR
The landmark US crypto bill in focus is now a legislative casualty.
The Senate failed to pass it after the chamber split over concerns tied to Trump ethics, a massive setback for an industry that had committed record sums to lobbying for a favorable market structure.
No revised path forward has been announced. That record investment had a single target: a Senate majority on market structure.
The Trump ethics concerns opened a fault line through the chamber that had nothing to do with the bill's regulatory content.
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