Trump Agrees to Crypto Ethics Rules Amid Bill Negotiations
President Donald Trump agreed to new ethics rules in exchange for support on a cryptocurrency bill. The move was part of ongoing negotiations between the White House and Senate lawmakers.
The bill, known as the Clarity Act, aims to bring digital assets into the mainstream by regulating them. However, its passage has been complicated by concerns over Trump's personal involvement in crypto ventures.
Trump had previously launched meme coins featuring his image, which some saw as a conflict of interest. To address these concerns, lawmakers proposed an ethics package that would bar federally elected officials and their spouses from issuing digital assets.
The revised bill also includes provisions allowing state attorneys general to enforce the law, in addition to the Justice Department. This was a key demand from Democrats, who were concerned about the independence of enforcement.