Senate Democrats Demand Ethics Guardrails in Crypto Bill

[madtrader]

Several Democratic lawmakers in the United States Senate are pushing to add conflict-of-interest protections to a major crypto market structure bill currently under review. According to reports, Senators Adam Schiff and Ruben Gallego are insisting that the legislation include safeguards preventing public officials from profiting off ties to crypto companies.

Gallego described the issue as a “red line,” warning that without strong ethics provisions, the bill may fail to secure enough Democratic votes to pass. The push highlights growing concern in Congress about the intersection of digital assets, political power, and personal financial gain.

[bonk]

wild that “don’t profit off the thing you’re regulating” is still a controversial ask in 2026