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Trump Agrees to New Bipartisan Ethics Provision in Massive Crypto Bill, Republican Senators Say
The updated bill would let state attorneys general sue exchanges and force divestment or blind trusts for significant crypto holdings, a GOP aide said.
- President Donald Trump agreed to about 80% of a stringent ethics proposal within a cryptocurrency bill, specifically accepting a provision empowering state attorneys general to enforce crypto regulations.
- Sen Thom Tillis and Sen Ruben Gallego demanded state enforcement authority after The White House expressed concerns that such power could be used as a political weapon by Democratic or Republican officials.
- An updated version of the bill released on Sunday includes a requirement to divest or place any "significant" financial interest in crypto-issuing entities into a blind trust, per a GOP aide.
- Republican Sens Cynthia Lummis of Wyoming, Tim Scott of South Carolina, and John Boozman of Arkansas announced the agreement includes a "meaningful role" for state attorneys general to enforce the measure.
- The legislation faces a key vote this Tuesday to advance the crypto bill, which also empowers state attorneys general to sue exchanges listing digital assets barred under the measure.
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16 Articles
16 Articles
The Toronto Star+9 Reposted by 9 other sources
Trump agrees to new bipartisan ethics provision in massive crypto bill, Republican senators say
WASHINGTON (AP) — President Donald Trump has agreed to a significant portion of a stringent ethics proposal that is part of broader cryptocurrency legislation headed for a key vote this week, according to three of the bill's main Republican authors.
·Toronto, Canada
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Winnipeg Free Press+4 Reposted by 4 other sources
Trump agrees to new bipartisan ethics provision in massive crypto bill, GOP aide says
WASHINGTON (AP) — President Donald Trump has agreed to a significant portion of a stringent ethics proposal that is part of a broader cryptocurrency bill headed for a key vote this week, according to a senior GOP official involved in the negotiations.
·Winnipeg, Canada
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Coverage Details
Total News Sources16
Leaning Left5Leaning Right1Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 38%
C 54%
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