Trump Concedes on Crypto Ethics Provision Amid Bipartisan Bill Push
President Donald Trump has agreed to a significant portion of a stringent ethics proposal that is part of broader cryptocurrency legislation, according to three of the bill's main Republican authors. The sweeping bill initially had just a provision included that would bar all federally elected officials and their spouses, as well as federal judges, from issuing digital assets.
A core group of Democrats, including Sen. Ruben Gallego, D-Ariz., had demanded language that would allow state attorneys general to step in and enforce the law in addition to the Justice Department. Their votes would be needed to advance the bill in a key vote this Tuesday.
Republican Sens. Cynthia Lummis of Wyoming, Tim Scott of South Carolina, and John Boozman of Arkansas said it includes a 'meaningful role' for state attorneys general to play in enforcing the crypto measure should it become law. The White House had raised concerns about giving state attorneys general the power to enforce the law, arguing that Democratic state lawyers could use it as a political weapon against the president and other GOP officials.