Trump Agrees to Blind Trust for Crypto Interests Amid Ongoing Senate Negotiations
President Donald Trump's digital asset exposure has been under scrutiny as he continues to negotiate ethics rules tied to the Digital Asset Market Clarity Act. In a recent interview, Trump stated that he would accept placing his crypto interests in a blind trust, saying 'I don't mind putting it in a blind trust . . . I let my kids run it.'
The Senate has been negotiating ethics provisions for the act, which could include requirements for Trump to divest from certain crypto-related businesses. A draft of the bill proposed creating a divestment-or-blind-trust safe harbor for direct holdings, but other business interests and family arrangements may remain exempt.
Meanwhile, Trump Media has scaled back its involvement with Crypto.com in two separate initiatives. The company ended its planned $6.42 billion CRO treasury venture and revised its Truth Social prediction-market integration, which would now involve marketing Crypto.com products to users rather than embedding direct access to prediction markets.
The Senate's negotiations on the Clarity Act have stalled over ethics rules, with lawmakers also debating bank competition and crypto rewards. The act has been referred back to the Banking Committee, where it remains pending.