Trump Agrees to Crypto Bill Ethics Rules, But Will It Be Enough?

President Donald Trump has agreed to new ethics rules in order to pass a cryptocurrency bill in the Senate, but it remains unclear if this concession will be enough. The $2.3 trillion market is on the line as the Senate holds a pivotal vote on Tuesday.

The White House announced that Trump had consented to language barring him and his wife from issuing meme coins, which they launched shortly before his second inauguration in January. He also agreed to tougher ethics provisions demanded by key senators, including one that would require him to put his crypto holdings in a blind trust and divest when those holdings reach a certain value.

The bill's fate is closely tied to the enforcement mechanism, with some Democrats pushing for state attorneys general to be allowed to enforce the law in addition to the Justice Department. Trump had initially been skeptical of this proposal, but eventually agreed to language that includes a 'meaningful role' for state attorneys general.