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Senate blocks cryptocurrency regulation as Democrats push back on Trump investments

Senate blocks cryptocurrency regulation as Democrats push back on Trump investments

Senate Democrats have blocked legislation to create a new regulatory framework for cryptocurrency

Senate to decide on cryptocurrency regulation as Democrats push back on Trump investments

Senate to decide on cryptocurrency regulation as Democrats push back on Trump investments

The Senate is deciding whether to move forward with legislation to create a new regulatory framework for cryptocurrency

Senate is to vote on cryptocurrency regulation as Democrats push back on Trump investments

Senate is to vote on cryptocurrency regulation as Democrats push back on Trump investments

The Senate is set to vote on whether to move forward with legislation to create a new regulatory framework for cryptocurrency

US Senate to vote on advancing sweeping cryptocurrency bill

US Senate to vote on advancing sweeping cryptocurrency bill

By Hannah Lang Sept 15 (Reuters) - The U.S. Senate is set to vote on Tuesday on whether to advance the first comprehensive cryptocurrency legislation, potentially determining the fate of the bill as Republican Senate leaders grapple with a limited calendar in a busy election year.

President Trump's Sons Launch World Liberty Financial, Generating Over $500 Million in Crypto Revenue

President Trump's Sons Launch World Liberty Financial, Generating Over $500 Million in Crypto Revenue

Donald Trump's sons launched a cryptocurrency venture named World Liberty Financial in 2024. This venture has reportedly generated over $500 million in revenue from the sale of crypto products, including 'governance tokens,' as detailed in President Trump's annual disclosure report filed with the Office of Government Ethics. This figure contributes to the more than $1.4 billion President Trump reported from various crypto businesses last year. Initially, President Trump expressed skepticism about cryptocurrency, describing it as 'highly volatile and based on thin air.' However, he has since become a proponent, influenced by his sons' involvement in the business and its appeal to specific voter demographics, such as Black and younger voters. The White House maintains that President Trump remains uninvolved in his family's business decisions.

US Senate to vote on advancing landmark crypto bill

US Senate to vote on advancing landmark crypto bill

By Hannah Lang Sept 15 (Reuters) - The U.S. Senate is set to vote on Tuesday on whether to advance once-in-a-generation cryptocurrency legislation, potentially determining the fate of the bill as Republican Senate leaders grapple with a limited calendar in a busy election year.

Senate to Vote on Clarity Act, Establishing New Crypto Regulatory Structure Amid Ethics Debate

Senate to Vote on Clarity Act, Establishing New Crypto Regulatory Structure Amid Ethics Debate

The U.S. Senate is scheduled for a crucial vote on the Clarity Act, a bill designed to establish a new regulatory framework for cryptocurrencies and other digital assets. This vote comes after months of the bill languishing in the Senate, despite clearing the Senate Banking Committee in May. The legislation requires 60 votes to pass, meaning at least seven Democrats would need to support it to overcome a filibuster. Intense last-minute lobbying efforts are underway from both banks and the cryptocurrency industry. A key development is President Trump's agreement to new ethics provisions within the bill, including a requirement for federal officials and their spouses to divest or place significant financial interests in digital assets into a blind trust. Additionally, the updated bill includes a provision allowing state attorneys general to enforce these ethics rules, a critical demand from Democrats. The White House has emphasized the importance of passing the Clarity Act to maintain U.S. leadership in inno...

Analysis-Crypto bill's defeat shows limits of industry's political machine

Analysis-Crypto bill's defeat shows limits of industry's political machine

By Hannah Lang and Michelle Price WASHINGTON, Sept 16 (Reuters) - The U.S.

Republicans Report President Trump Agrees to New Ethics Rules for Cryptocurrency Bill

Republicans Report President Trump Agrees to New Ethics Rules for Cryptocurrency Bill

Republicans in the Senate have indicated that President Trump has agreed to new ethics provisions to facilitate the passage of a sweeping cryptocurrency bill. These provisions would apply to him and his wife, First Lady Melania Trump, and aim to address concerns about potential conflicts of interest given President Trump's significant crypto holdings and ventures. Initially, President Trump agreed to a measure barring him and his wife from issuing meme coins. Subsequently, he reportedly consented to a tougher ethics proposal requiring him to place his crypto holdings in a blind trust and divest them if they reach a certain value. A critical provision for Democrats, which President Trump also agreed to, allows state attorneys general to enforce the law alongside the Justice Department.

President Trump Agrees to New Ethics Rules Barring Meme Coin Issuance to Advance Cryptocurrency Bill

President Trump Agrees to New Ethics Rules Barring Meme Coin Issuance to Advance Cryptocurrency Bill

President Trump has agreed to new ethics provisions aimed at facilitating the passage of a comprehensive cryptocurrency bill in the Senate. These rules specifically prohibit federally elected officials, including President Trump and his wife, from issuing meme coins. This concession follows demands from key senators and marks a shift in President Trump's stance on cryptocurrency, which he previously viewed with skepticism but has since embraced due to its appeal among younger and Black voters. The agreement also includes a provision for state attorneys general to enforce the law, a critical point for Democrats concerned about potential conflicts of interest. The fate of the $2.3 trillion cryptocurrency market now hinges on a pivotal Senate vote, which will determine if these ethics provisions are sufficient to secure the bill's legitimacy.

President Trump Agrees to New Ethics Provision in Cryptocurrency Bill, Enhancing State Enforcement Powers

President Trump Agrees to New Ethics Provision in Cryptocurrency Bill, Enhancing State Enforcement Powers

President Trump has agreed to a significant portion of a stringent ethics proposal within a broader cryptocurrency bill, which is slated for a key vote this week. According to three Republican senators, the agreement includes a provision that would grant state attorneys general a meaningful role in enforcing the crypto measure if it becomes law. Initially, the bill only barred federally elected officials, their spouses, and federal judges from issuing digital assets. However, a core group of Democrats, alongside Republican Senator Thom Tillis and Senator Ruben Gallego, pushed for stronger conflict-of-interest measures, specifically advocating for state attorneys general to have the authority to enforce the law in addition to the Justice Department. An updated version of the bill will also require individuals with significant financial interests in cryptocurrency-issuing entities to either divest or place those assets in a blind trust.

Trump agreed to new ethics rules to get a crypto bill across the line. But that might not be enough

Trump agreed to new ethics rules to get a crypto bill across the line. But that might not be enough

To help get a sweeping cryptocurrency bill across the line, President Donald Trump has agreed to new ethics provisions