Trump Concessions Clear Path for Comprehensive Crypto Regulation
The Digital Asset Market Clarity Act has cleared another hurdle in its journey to comprehensive crypto regulation. President Donald Trump's administration has agreed to include ethics language that would allow state attorneys general to enforce provisions governing federal officials and digital assets.
This concession removes one of the last barriers standing between the crypto industry and its most far-reaching regulatory framework yet. The provision is significant because it subjects Trump himself to enforcement action from state-level prosecutors, not just the Department of Justice.
The ethics language was a point of contention after Trump's financial disclosures revealed income between $1.4 billion and $2.2 billion linked to cryptocurrency ventures, including the TRUMP memecoin and World Liberty Financial, a DeFi project tied to the Trump family.