President Trump Agrees to New Ethics Rules for Crypto Bill, Senate Vote Imminent
President Trump has agreed to significant ethics provisions within a sweeping cryptocurrency bill, the Clarity Act, which is slated for a pivotal Senate vote on Tuesday. Initially, the bill included a measure barring federally elected officials, their spouses, and federal judges from issuing digital assets. However, key Democrats, along with Senator Thom Tillis (R-N.C.), pushed for more stringent measures due to concerns over President Trump's substantial crypto wealth. These additional demands included requiring the President to place his crypto holdings in a blind trust, divest when holdings reach a certain value, and crucially, allow state attorneys general to enforce the law alongside the Justice Department. After initial White House skepticism regarding state enforcement, President Trump ultimately agreed to approximately 80% of these proposals, including a 'meaningful role' for state attorneys general and a requirement to divest or blind trust significant crypto financial interests.