Trump Agrees to Stricter Crypto Ethics Rules in CLARITY Act Deal
President Donald Trump has agreed to strengthen ethics provisions in the CLARITY Act ahead of a key Senate vote scheduled for Tuesday. The compromise addresses concerns over presidential crypto conflicts and gives state attorneys general a larger enforcement role.
The revised framework builds on proposals from Republican Sen. Thom Tillis, Democratic Sen. Ruben Gallego, and several other Democrats. Their plan called for state attorneys general to enforce the law alongside the Justice Department.
Tillis and other Republicans said Trump accepted a significant portion of their proposal. Maryland Sen. Angela Alsobrooks, an important swing vote, emphasized that state attorneys general must have the power to prosecute when the Justice Department does not act.
The White House has said Trump does not take part in family business decisions handled by his sons, but his crypto revenues reached $1.2 billion, with over $600 million coming from meme coins carrying his image through CIC Digital LLC.