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The U.S. Senate rejected the Anti-Cryptocurrency Corruption Amendment with a vote of 46-54

According to online reports, Ainvest reported that the U.S. Senate rejected an anti-cryptocurrency corruption amendment with a vote of 46 to 54. The amendment, proposed by Senator Jeff Merkley, aims to prohibit elected officials from using their positions to seek improper benefits for individuals in the cryptocurrency field. The main goal of the amendment is to prevent public officials from obtaining "unfair gains" by promoting specific cryptocurrencies or realizing self-interests through "cryptocurrency plans." Specific measures include prohibiting officials from publicly promoting specific cryptocurrencies, strengthening disclosure requirements for holding currencies, restricting trading in cryptoassets while in office, and preventing conflicts of interest. Senator Merkley said on social media X that the amendment failed mainly due to Republican opposition.

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