Exclusive / Senate Republicans say crypto bill likely to fail

Republican senators are warning that the Senate’s bipartisan cryptocurrency regulatory bill is likely to fail next week when the chamber returns.

There’s been little movement on the key Democratic demand, an ethics component governing the president and his family, according to two Democratic aides.

“Does not look good right now,” said Sen. Mike Rounds, R-S.D.

Sen. Thom Tillis, R-N.C., added that “if there’s no interest in the White House in trying to bridge the gap on the ethics language, it is going to fail.”

A failed vote could motivate the crypto industry to spend money in key Senate and House races, but one incumbent senator said it’s far from a top voting issue.

“There’s nothing I can do with the crypto bill. Haven’t heard a peep about it. Nobody back home is asking about it,” said Sen. Roger Marshall, R-Kan.