Senate Blocks Crypto Bill After Gillibrand Flip-Flop — SkimNews
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- Kirsten Gillibrand, whom The Intercept characterizes as a "crypto darling," made an 11th-hour position reversal that helped block the crypto bill in the Senate.
- The U.S. Senate voted to block the crypto bill, with the New York Times headlining the vote as a "major blow to the industry."
Why it matters: The Intercept labels Gillibrand a "crypto darling," making her late reversal especially costly for industry lobbying that had apparently counted on her support. With the New York Times framing the Senate vote as a "major blow," the bill's defeat is a concrete legislative loss the industry now has to absorb.
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