Trump agrees to new bipartisan ethics provision in massive crypto bill, Republican senators say
A core group of Democrats, as well as Sen. Thom Tillis, R-N.C., said that didn't go far enough to address conflict-of-interest issues they had with Trump's crypto wealth. Their votes would be needed to advance the bill in a key vote this Tuesday.
President Donald Trump has agreed to a significant portion of a stringent ethics proposal included in broader cryptocurrency legislation, according to Republican senators. The bill, which is set for a key vote this Tuesday, initially only barred federal officials and their spouses from issuing digital assets. However, key Republican authors, including Senators Thom Tillis and Ruben Gallego, demanded more robust conflict-of-interest measures.
In response, Trump has reportedly agreed to about 80% of the proposal, particularly the inclusion of state attorneys general in enforcing the law. The updated bill will require individuals with significant financial interests in crypto entities to divest or place them in a blind trust. White House officials had raised concerns about potential political misuse of the enforcement power by state attorneys general, but GOP aides claim Trump has acquiesced to most of the requested changes.
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