- A dozen Democrats defied party position to support a pro-crypto motion.
- The Senators joined the House of Representatives in repealing a controversial SEC directive.
- Reddit co-founder amplified the action and pledged support for crypto development in the U.S.
A dozen Democrats defied party position to support a pro-crypto motion on Thursday during a joint session between the U.S. Senate and the House of Representatives.
The identified democrats who acted against the party’s position include Senate Majority Leader Chuck Schumer (D), Sens. Kirsten Gillibrand (D), Gary Peters (D), Bob Casey (D), Jacky Rosen (D), Jon Tester (D), John Hickenlooper (D), Mark Kelly (D), Cory Booker (D), Ben Ray Luján (D), Ron Wyden (D), and Michael Bennet (D).
According to reports, the Senators joined the House of Representatives in repealing a controversial directive from the U.S. Securities and Exchange Commission (SEC) targeting cryptocurrencies—the directive aimed to prevent highly regulated financial firms from holding Bitcoin.
Bankless, the famous educational and awareness-focused crypto community, announced the lawmakers’ actions in a recent post on X. The educat…
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