The U.S. Senate voted 46-54 to reject the "Anti-Crypto Assets Corruption Amendment."

According to Deep Tide TechFlow news on July 1, as reported by Coin World, the U.S. Senate voted 46 in favor and 54 against, rejecting an anti-Crypto Assets corruption amendment. The amendment was proposed by Senator Jeff Merkley, aiming to prohibit elected officials from using their power for personal gain in the Crypto Assets field.

The main goal of the amendment is to prevent public officials from obtaining “unfair benefits” by promoting specific Crypto Assets or achieving self-interest through “Crypto Asset programs.” Specific measures include prohibiting officials from publicly promoting specific Crypto Assets, strengthening disclosure requirements for holding coins, restricting trading of Crypto Assets during their tenure, and preventing conflicts of interest.

Senator Merkley stated on social media X that the failure of the amendment was mainly due to opposition from Republicans.