WATCH LIVE: Senate expected to vote on cryptocurrency regulation
Summary
The U.S. Senate is scheduled to vote on a new law to regulate cryptocurrency, a market worth $2.3 trillion. Some Democrats oppose the bill unless it includes strong rules to stop President Donald Trump and his family from benefiting financially while in office.Key Facts
- The Senate will vote on cryptocurrency regulation legislation on Tuesday.
- The cryptocurrency market is valued at about $2.3 trillion.
- Many Democrats believe the current bill does not have enough rules to stop President Trump from gaining crypto profits.
- President Trump has significant cryptocurrency investments while serving as president.
- Some Democrats support regulation but want strict ethics rules included.
- The vote happens two months before the midterm elections.
- Senator Elizabeth Warren spoke against the bill without stronger safeguards against conflicts of interest.
- Republicans say President Trump agreed to new ethics rules to help pass the bill.
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