Trump Bows to Ethics Pressure for Crypto Bill

President Donald Trump agreed to new ethics rules in order for a sweeping cryptocurrency bill to pass in the Senate.

The bill, being written in the Senate, was seen as crucial to getting cryptocurrency regulations across the line. However, in order for it to be passed, President Trump had to agree to certain ethics provisions that would apply to him as well.

One of these concessions was a measure that bars President Trump and his wife from issuing meme coins, which they launched before returning to the White House for a second time. Another concession came in the form of late Sunday night agreement on further ethics rules.