Sen. Angela Alsobrooks, a freshman Democrat from Maryland, had emerged as a backer after hearing about crypto from younger voters and her daughter.
A landmark crypto bill moving through Washington is facing new Democratic resistance as concerns mount over President Trump’s $1.4 billion windfall from meme coins and crypto deals. Sen. Angela Alsobrooks (D., Md.), who had become one of the party’s champions of the measure after hearing about crypto from her 21-year-old daughter and from voters on the campaign trail, is now pulling back. The episode underscores how personal financial ties to digital assets can complicate efforts to build bipartisan support for crypto legislation, especially as meme coins (highly speculative tokens often driven by online attention) and other crypto-related ventures draw sharper political scrutiny.