As President Joe Biden’s approval ratings continue to struggle, an unlikely source of discontent has emerged within his own party. Recent developments in Congress have showcased a significant number of Democratic lawmakers breaking ranks to support Republican-led initiatives, particularly concerning cryptocurrency regulation.
The issue at hand revolves around the Securities and Exchange Commission’s (SEC) new guidelines on cryptocurrency holdings by banks. This regulatory effort, endorsed by the White House and championed by prominent Democrats like Senator Elizabeth Warren, was expected to maintain party unity. Yet, as reported by Politico, an astounding 32 Democratic legislators sided with a Republican proposal that seeks to dismantle Biden’s SEC cryptocurrency policies, despite the president’s veto threat.
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As time goes on the real Democrats will stand up to Biden and his dumbocRAT supporters