Trump agrees to new bipartisan ethics provision in massive crypto bill, Republican senators say
- On Sunday, President Donald Trump agreed to about 80% of a stringent ethics proposal from Thom Tillis and Ruben Gallego, part of a cryptocurrency bill heading for a key vote this Tuesday.
- Critics argued the original bill, which barred federal officials from issuing digital assets, failed to address conflict-of-interest concerns regarding Trump's crypto-related wealth, prompting negotiators to seek stricter rules.
- The updated bill requires officials to divest or place "significant" financial interests in cryptocurrency-issuing entities into a blind trust, while state attorneys general can sue exchanges listing barred assets.
- Cynthia Lummis of Wyoming, Tim Scott of South Carolina, and John Boozman of Arkansas said the measure provides a "meaningful role" for state attorneys general, though the White House warned state enforcement could become a "political weapon."
- The sweeping cryptocurrency legislation faces a crucial vote this Tuesday, as lawmakers determine whether the ethics requirements sufficiently address potential conflicts of interest following the agreement.
124 Articles
124 Articles
Trump concedes on ethics rules as major US crypto bill nears vote
US President Donald Trump has accepted ethics restrictions he had long resisted, removing the final obstacle to the CLARITY Act, the most significant crypto legislation ever attempted in the US, which now faces a decisive Senate vote on Tuesday.
President Donald Trump agreed to new ethics rules to get a crypto bill across the line. But that might not be enough.
President Donald Trump has amassed significant amounts of crypto wealth while in office, complicating dynamics for senators drafting legislation to try to bring the fledgling digital assets industry into the mainstream.
The Independent
The Independent (US)Trump caves to tougher ethics crackdown as his crypto fortune faces scrutiny
President Donald Trump has agreed to a significant portion of a stringent ethics proposal that is part of broader cryptocurrency legislation
Donald Trump agrees to new ethics rules to advance crypto bill, but hurdles remain
Donald Trump agreed to a measure that would bar him and his wife from issuing the types of meme coins that they swiftly launched as he prepared to return to the White House for a second time
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