President Donald Trump’s embrace of crypto could be the “kiss of death” for bipartisan legislation on the currency, one pro-crypto Democrat told NOTUS after Democratic senators pulled their support from a key bill.
“I see him as the greatest stumbling block to a bipartisan crypto compromise moving smoothly through both chambers of Congress, particularly the Senate,” House cryptocurrency caucus chair Rep. Ritchie Torres said. “Donald Trump poisons and polarizes everything he touches and I worry that he is poisoning and polarizing the climate for crypto legislation.”
Democrats are deeply divided on cryptocurrency, but skeptics appear to be winning out this week despite the massive amount of crypto industry election cash across both parties last year.