Trump’s Crypto Corruption Puts Centrist Democrats in Bind
Moderate Democrats want to put a stop to Trump’s meme coin self-dealing. But that might cut off campaign donations from crypto interests. The post Trump’s Crypto Corruption Puts Centrist Democrats in Bind appeared first on The Intercept.
The latest version of a sweeping crypto bill exposed a deep divide between progressives and moderate Senate Democrats: whether to accommodate the industry ahead of the fall midterms, or declare open war on it. Seven Democrats issued a statement Wednesday night lamenting that they cannot vote for the latest draft of the bill, citing weak provisions aimed at tamping down Donald Trump’s crypto self-enrichment, among other issues. In a joint statement, they pledged to keep working with Republicans to “get this over the finish line.”
Other Democrats say they have had enough of crypto, however. The problems with the bill run much deeper than Trump’s corruption, Sen. Chris Murphy, D-Conn.
, said at a Wednesday speech, and it is time for Democrats to openly break with the industry and its $189 million in campaign funds. “This bill is in front of the Senate because the industry paid for it,” Murphy said. “We should, in this election, make crypto’s purchase of our political process, AI’s purchase of our political process, a major campaign issue.”
“This bill is in front of the Senate because the industry paid for it.” The two sides staked out their position as Republicans released a draft text of the far-reaching bill known as the Clarity Act, which would create an industry-friendly regulatory structure for cryptocurrencies. Critics say there are many problems with the bill, including lax consumer protections and loopholes that would enable money laundering.
Nothing in the monthslong fight over the legislation has generated as much controversy as Trump’s self-dealing, however. Between the $TRUMP meme coin and other ventures, Trump profited at least $1.4 billion off crypto last year.
Democrats have proposed requiring Trump to divest himself of his crypto ventures and put enforcement in the hands of Democratic state attorneys general. Instead, Republicans issued a proposal, with Trump’s blessing, that would prevent him from issuing new meme coins and put enforcement in the hands
Đọc thêm từ Chính trị
U.S. Website Gave False Approval to Green Card Applicants — Then Blamed Glitch and Took It Away
“It was heartbreaking,” said one recipient of a false approval who was told about a USCIS website snafu. The post U.S. Website Gave False Approval to Green Card Applicants — Then Blamed Glitch and Took It Away appeared first on The Intercept.
Democrats urge appeals court not to overturn mifepristone regulations
The entire congressional Democratic caucus filed an amicus brief urging a federal appeals court to retain the Food and Drug Administration’s current rules for prescribing abortion pills. Forty-seven Democratic senators and 212 House members asked the U.S. Court of Appeals for the
Tuberville: Mamdani will do something ‘stupid’ enough to ‘send him to Gitmo’
Sen. Tommy Tuberville (R-Ala.) went after New York City Mayor Zohran Mamdani (D) on Thursday, saying the NYC mayor is going to do something “stupid” enough to ‘send him to Gitmo,’ a nickname for Guantanamo Bay in Cuba. “For some reason, we have enough people in New York that woul
Americans see China as more advanced on AI than US: Pew survey
A plurality of respondents to a recent survey believe China is further along than the U.S. on developing AI, as Trump administration officials accuse a Chinese startup of stealing intellectual property (IP). Thirty-six percent of respondents to the Pew Research Center poll think