Senate Battle Erupts Over Crypto Regulation: Democrats’ Proposal Halts GOP Talks

A heated dispute has erupted in the U.S. Senate over crypto regulation as Democrats’ new proposal halted bipartisan talks. The Democratic plan, which empowers Treasury to blacklist risky DeFi protocols and impose strict KYC rules on all crypto applications, has triggered a sharp response from Republicans. The move threatens to derail GOP-led efforts for landmark crypto legislation this year.