Deep Tide TechFlow News, on July 1, according to Coin World, the U.S. Senate voted 46 to 54 against an anti-cryptocurrency corruption amendment. The amendment, proposed by Senator Jeff Merkley, aimed to prohibit elected officials from using their positions to seek improper benefits in the cryptocurrency field.
The main goal of the amendment was to prevent public officials from obtaining 'unfair benefits' by promoting specific cryptocurrencies or achieving self-interest through 'cryptocurrency schemes'. Specific measures included prohibiting officials from publicly promoting specific cryptocurrencies, strengthening disclosure requirements for holdings, limiting cryptocurrency transactions during their term, and preventing conflicts of interest.
Senator Merkley stated on social media X that the failure of the amendment was mainly due to opposition from Republicans.