U.S. Senator Kirsten Gillibrand demands a provision barring policymakers from crypto industry ties before advancing legislation.
U.S. Senator Kirsten Gillibrand stated that a comprehensive cryptocurrency bill will not advance without a provision prohibiting policymakers from holding industry ties. The demand aims to address conflicts of interest amid regulatory debates over digital assets.
The move follows heightened scrutiny of lawmakers’ connections to crypto firms, with critics arguing such ties undermine public trust. Previous legislative efforts have stalled due to partisan divisions and industry lobbying.
Markets have shown limited reaction, as the bill’s progress remains uncertain pending further negotiations.