A Trump backed crypto bill just suffered a bruising defeat in the Senate The Senate has dealt a significant blow to cryptocurrency regulation by rejecting a Trump backed bill aimed at imposing stricter controls on digital assets.
The move is seen as a major setback for proponents of increased oversight and its implications are being felt across the cryptoverse.
What Happened in the Senate Senator Ron Wyden's (D OR) bill would have established new guidelines for cryptocurrency trading platforms, requiring them to implement robust anti money laundering measures.