Controversy in the US Senate: Senator’s outburst shakes up crypto discussion

Jakarta, Pintu News – A recent hearing in the United States Senate on crypto regulation turned into a battleground when Senator John Kennedy made a surprising comment. The event, which was supposed to focus on cryptocurrency regulation, was sidetracked by a heated debate over a tweet made by one of the witnesses a few months ago.

The Beginning of Controversy

The hearing held by the Senate Banking Committee aimed to hear the views of crypto industry leaders on upcoming regulations. However, the mood changed when Senator John Kennedy began questioning Dr. Richard Painter, a former ethics lawyer at the White House, based on social media posts he made in May.

The post highlighted political contributions from the crypto industry made to Senator Gillibrand, which Painter said was indicative of influence buying in Congress. Painter responded by emphasizing that the discussion should return to the topic of the legislation at hand, but Kennedy ignored this and went on to accuse Painter of being a “very unreasonable person”.

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Political Implications of Crypto Donations

Although Senator Gillibrand, who is a member of the Democratic Party, has received $217,000 in campaign contributions from the crypto industry, Senator Kennedy, who did not receive any similar donations, should take the opportunity to attack his political opponent.

However, his actions instead point to the possibility of bipartisan support for the crypto industry in Congress. Some of the Democrats present at the hearing are openly opposed to the crypto industry and are trying to obstruct the legislation being processed. The fact that the two senators are, in general, on the same side of the issue adds to the complexity of the developing political situation.

Broader Impact on Crypto Regulation

This incident may highlight a fragile situation where many crypto companies are trying to approach members of the Democratic party, while the industry’s association with the Trump era is becoming a political liability. If Democratic voters begin to reject pro-crypto politicians, this could be a serious problem for ongoing bipartisan initiatives.

Additionally, the focus on Painter’s old tweets distracted from the actual testimony he gave, which actually criticized the proposed crypto legislation. This prevented the senators present from digging deeper into possible criticisms of the industry.

Conclusion

While this hearing was characterized by unexpected debate, it revealed the complex political dynamics behind crypto regulation. Going forward, it will be interesting to see how Congress will navigate between political interests and the need to regulate the ever-evolving crypto market.

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Reference

• BeInCrypto. Senate Crypto Hearing Outburst: Gillibrand Donations. Accessed on July 11, 2025