Trump Agrees to Crypto Ethics Rules Amid Bill Negotiations

President Donald Trump has agreed to new ethics rules in order for a cryptocurrency bill to pass. The bill aims to bring legitimacy to the $2.3 trillion market, but its fate hinges on whether these sign-offs from Trump go far enough.

The White House had initially been skeptical of giving state attorneys general the power to enforce the law, but Trump eventually agreed to language that includes a 'meaningful role' for them in enforcing the crypto measure should it become law.

This agreement comes after weeks of negotiation between Republican senators and the White House. The bill's lead author, Senator Cynthia Lummis, told the AP that 'a vote against the Clarity Act isn't a principled stand against President Trump. It's a vote against implementing tough restrictions on politicians for crypto investments.'

Trump has amassed significant amounts of crypto wealth while in office, complicating dynamics for senators drafting legislation to try to bring the fledgling digital assets industry into the mainstream.