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Trump’s Crypto Windfall Stiffens Opposition to Crypto Bill

Wall Street Journal Markets •
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Sen. Angela Alsobrooks (D., Md.) has been a Democratic champion of a landmark crypto bill winding through Washington. However, her support has shifted due to President Trump’s $1.4 billion windfall from meme coins and crypto deals.

Meanwhile, the SEC climate rule rescission faces significant investor opposition. Shareholders are pushing back against the U.S. Securities and Exchange Commission’s bid to cut a Biden-era proposal that would have mandated climate risk and emissions reporting.

Public comments to the SEC overwhelmingly opposed the agency’s decision. A Risk Journal analysis showed that at least four out of five organizations that authored submissions opposed the rescission, and the SEC received more than 18,000 form-letter submissions opposing the plan.