Last week, no Democrats supported the bill, citing concerns over provisions related to foreign issuers, anti-money laundering standards, potential corporate issuance of stablecoins, and President Donald Trump’s deepening ties to crypto ventures, including one that recently launched a stablecoin. Later that week, however, some Democrats touted wins following those negotiations involving big tech, consumer protections, and ethics, according to a document obtained by Punchbowl News. Those wins included ensuring that conflicts of interest standards would apply to "regular and special government employees, including Elon Musk." Still, the rules do not seem to apply to Trump, as Mark Hays, senior policy analyst at Americans for Financial Reform, said last week.
