Trump Concedes on Crypto Ethics in Bid to Pass Senate Bill

President Donald Trump has agreed to stricter ethics restrictions tied to the Clarity Act, a Senate bill aimed at regulating the digital asset sector. The concessions come ahead of a key procedural vote on Tuesday, which requires 60 votes for passage.

The revised deal addresses prior gaps around Trump's crypto holdings by requiring elected officials, spouses, and federal judges to divest significant crypto interests or use blind trusts. This is in addition to the original bill's ban on federally elected officials and their spouses from issuing digital assets.

The agreement also expands enforcement by giving state attorneys general authority to enforce the law alongside the Justice Department and sue exchanges that list prohibited digital assets.

The concessions suggest supporters are trying to preserve momentum for the legislation, which has been delayed due to disputes over Trump-linked ethics provisions. White House crypto adviser Patrick Witt says it is time to pass the bipartisan bill after more than a year of negotiations.