TechFlow news, on July 1, according to Ainvest, the U.S. Senate rejected an anti-cryptocurrency corruption amendment by a vote of 46 in favor and 54 opposed. The amendment was proposed by Senator Jeff Merkley and aimed to prohibit elected officials from using their positions to gain improper personal benefits in the cryptocurrency sector.
The main goal of the amendment was to prevent public officials from obtaining "unfair gains" by promoting specific cryptocurrencies or advancing self-interest through "cryptocurrency schemes." Specific measures included banning officials from publicly endorsing particular cryptocurrencies, strengthening disclosure requirements for cryptocurrency holdings, restricting cryptocurrency asset transactions during term of office, and preventing conflicts of interest.
Senator Merkley stated on social media X that the amendment's failure was primarily due to opposition from Republicans.
