Trump Agrees to Crypto Bill Ethics Reforms, but Will It Be Enough?

President Donald Trump agreed to new ethics rules in order to get a cryptocurrency bill passed through the Senate, but it's unclear if this will be enough. The bill aims to bring the $2.3 trillion crypto market into mainstream legitimacy.

The President had been hearing concerns from senators about conflict-of-interest restrictions for weeks, and ultimately agreed to bar himself and his wife from issuing meme coins. He also consented to a tougher ethics proposal that would require him to put his crypto holdings in a blind trust and divest when they reach a certain value.

This development is crucial as the Senate vote on the bill could determine whether Washington cements crypto legitimacy into law or if a frustrated, deep-pocketed industry unleashes even more campaign cash in the midterm elections.