Democrats Help Push Crypto Industry Reward Bill To Finish Line

[Buddyzbuddy]

Huffington Post
By Arthur Delaney
and
Igor Bobic
Jun 11, 2025, 02:48 PM EDT


WASHINGTON — Senate Democrats helped clear the way for passage of a landmark cryptocurrency bill on Wednesday as the industry capitalizes on the tens of millions of dollars it spent on congressional elections last year.
The 68-30 vote to advance the bill occurred amid growing scrutiny of President Donald Trump’s various crypto dealings, which have enriched his family and presented unprecedented conflicts of interest for his administration. Eighteen Democrats voted “yea.” A final vote on passage is expected next week.
Democrats had sought to amend the bill to prohibit the president from profiting from a stablecoin venture while in office, but ended up backing down.

Excerpt:
Gallego’s 2024 Senate campaign was aided by $10 million from super PACs financed by three large crypto companies, including the Coinbase digital currency exchange. The money financed positive ads in support of the Arizona Democrat. He’s now one of the strongest advocates of the GENIUS Act in the Senate.
Sen. Adam Schiff (D-Calif.), who benefited from the super PAC spending millions against former Rep. Katie Porter (D-Calif.) in a primary, is also a leading advocate. So is Sen. Kirsten Gillibrand (D-N.Y.), who is chairing the Democratic Senatorial Campaign Committee this cycle.
Other Democrats who backed the GENIUS Act said their support for the measure had nothing to do with the crypto industry’s massive 2024 campaign spending.

[pfitz59]

1. the crypto con continues

will not end well.

[hedda_foil]

2. I am not happy that Adam Schiff is part of this.

[Buddyzbuddy]

4. I read somewhere previously that our other CA Senator, Padilla also voted to put this up for a vote.

I'm very disappointed in both of them.

I sure hope that kind of language wasn't too harsh for some.

[LuvLoogie]

3. Ugh

Your labor will be indebted to the conjured coin for generations.

They really are needing to squeeze water from stone.

[BlueTsunami2018]

5. This is why people run with the "both parties are the same" line.

While radically different on a host of issues, placating the oligarchs doesn’t seem to be one of them.

Crypto is bullshit and no one in our party should be pushing it. Who is helped by this? How does this create jobs or raise the standard of living for the majority?

It’s disappointing.

[questionseverything]

6. They are actively trying to devalue our dollar

[Prairie Gates]

7. Disgusting

[Celerity]

8. link (which you need to post going forward)

https://finance.yahoo.com/news/democrats-help-push-crypto-industry-184834036.html

[Buddyzbuddy]

9. Thank you.

I tried getting a link from Huffington Post where I read this originally. I wasn't able to.

[Celerity]

10. my link posted is for the HuffPo article

[Celerity]

11. list of all Dems who voted for cloture

https://www.senate.gov/legislative/LIS/roll_call_votes/vote1191/vote_119_1_00305.htm#position



YEAs

Alsobrooks (D-MD)
Booker (D-NJ)
Cortez Masto (D-NV)
Fetterman (D-PA) Manchin's ghost
Gallego (D-AZ)
Gillibrand (D-NY)
Hassan (D-NH)
Heinrich (D-NM)
Hickenlooper (D-CO)
Kelly (D-AZ)
Kim (D-NJ)
Lujan (D-NM)
Padilla (D-CA)
Rosen (D-NV)
Schiff (D-CA)
Slotkin (D-MI) Sinema's ghost
Warner (D-VA)
Warnock (D-GA)

Not Voting

Ossoff (D-GA)

NAYs

Baldwin (D-WI)
Bennet (D-CO)
Blumenthal (D-CT)
Blunt Rochester (D-DE)
Cantwell (D-WA)
Coons (D-DE)
Duckworth (D-IL)
Durbin (D-IL)
Hirono (D-HI)
Kaine (D-VA)
King (I-ME)
Klobuchar (D-MN)
Markey (D-MA)
Merkley (D-OR)
Murphy (D-CT)
Murray (D-WA)
Peters (D-MI)
Reed (D-RI)
Sanders (I-VT)
Schatz (D-HI)
Schumer (D-NY)
Shaheen (D-NH)
Smith (D-MN)
Van Hollen (D-MD)
Warren (D-MA)
Welch (D-VT)
Whitehouse (D-RI)
Wyden (D-OR)