Crypto compromise amendment blocked in Senate infrastructure vote!
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An amendment in the bipartisan infrastructure bill that would limit a proposal to increase federal regulation of cryptocurrencies was blocked Monday afternoon.
The Treasury Department had said it would not oppose the agreement over two competing amendments that limits federal regulation of cryptocurrencies.
Sen. Pat Toomey (R-Pa.) put forward the amendment, which is co-sponsored by Sens. Mark Warner (D-Va.), Kyrsten Sinema (D-Ariz.), Rob Portman (R-Ohio) and Cynthia Lummis (R-Wyo.) and supported by the Treasury Department, and tried to get it added to the bipartisan infrastructure bill.
But after Shelby requested to add his amendment to boost military spending to the bill, it was blocked by Sen. Bernie Sanders (I-Vt.).
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