The vote The bill drew only 48 “yes” votes — far short of the 60 needed to move forward
Why it failed?
Democrats demanded a rule that would ban Trump and other top officials from making money on crypto projects. Republicans Rand Paul and Josh Hawley also voted “no” for their own reasons.
The Trump coin issue
Trump’s new meme coin rocketed from $10 to $70, valuing the project at $15 billion. A Trump‑linked firm holds 80 % of the supply. Critics call it a “lottery” where insiders win and late buyers lose.
Voices in the fight
Sen. Elizabeth Warren labeled the coin “blatantly corrupt.” Stablecoin issuer Circle urged lawmakers to keep talking and pass clear rules soon.
What’s next
Talks will restart, but the bill is on ice until both sides agree on stricter conflict‑of‑interest limits.
