US Senate Reaches Crypto Legislation Compromise, but Ethical Provisions Remain a Hurdle

US Senate lawmakers have reached a compromise on a crucial aspect of crypto legislation, namely stablecoin reward handling. However, a new hurdle has emerged: the inclusion of ethical provisions.

According to Senator Kirsten Gillibrand, the Senate will not pass the bill without these provisions in place. Specifically, she is pushing for a ban on government officials profiting from their insider positions in the crypto industry.

Gillibrand emphasized that this is essential to ensure trust and integrity in the market. The senator has been working with the White House and both parties to include relevant content in the bill.