Trump Agrees to Crypto Bill Ethics Provision, Most State Attorney General Enforcement Power

President Donald Trump has agreed to most of a stringent ethics proposal that is part of a broader cryptocurrency bill headed for a key vote this week, according to a senior GOP official involved in the negotiations.

The original bill would have barred all federally elected officials and their spouses, as well as federal judges, from issuing digital assets. However, a core group of Democrats, along with 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.

Tillis and Sen. Ruben Gallego, D-Ariz., among others, demanded language that would allow state attorneys general to step in and enforce the law, rather than relying on the Justice Department alone.

White House officials raised concerns about giving state attorneys general this power, arguing it could be used as a political weapon against the president and other GOP officials. They also pointed out that Democratic state lawyers could use it against elected Democrats, while Republican attorneys general could use it against elected Democrats as well.