Trump Agrees to Crypto Bill Ethics Provisions Amid Conflict-of-Interest Fears
A bipartisan crypto bill has reached a crucial milestone after President Trump agreed to key ethics provisions. The sweeping legislation initially contained a provision that would bar federally elected officials and their spouses, as well as federal judges, from issuing digital assets.
However, a core group of Democrats, including Sen. Thom Tillis (R-N.C.), pushed for stronger language to address conflict-of-interest issues tied to Trump's crypto wealth. They demanded the ability for state attorneys general to enforce the law in addition to the Justice Department.
The White House had raised concerns that this provision could be used as a political weapon against the president and other GOP officials, with Republican attorneys general targeting elected Democrats.
According to a senior GOP aide, President Trump has agreed to about 80% of the proposal from Tillis and Gallego. The updated bill will include requirements for divestment or placement in a blind trust of any significant financial interest in an entity that issues cryptocurrencies.