A Democratic senator who had previously championed cryptocurrency regulation abruptly shifted stance just before a key vote, opposing a bill aimed at curbing digital asset markets. The reversal came after days of lobbying among party colleagues to secure support for the measure, raising questions about the motivations behind the last-minute change. Critics have labeled the move a surprising flip-flop, particularly given the senator’s earlier reputation as a vocal advocate for crypto-friendly policies. The decision has now stalled the legislation, leaving its future uncertain.
Just hours before switching sides, Sen. Kirsten Gillibrand was lobbying fellow Democrats to advance the bill. The post Crypto Darling Gillibrand’s 11th-Hour Flip-Flop Helps Block Trump Crypto Bill appeared first on The Intercept.
