Trump Relents on Crypto Ethics, But Bill's Future Remains Uncertain
President Donald Trump agreed to new ethics rules as part of a deal to pass the cryptocurrency bill, but it's unclear if those concessions will be enough. The bill, worth $2.3 trillion, is set for a pivotal vote in the Senate on Tuesday.
The crypto bill has been stalled due to concerns about conflict-of-interest restrictions that would apply to Trump and his family. Trump had previously launched meme coins with his wife Melania, but the new rules would bar them from issuing such tokens.
After negotiations, Trump agreed to a measure that would require him to put his cryptocurrency holdings in a blind trust and divest when they reach a certain value. He also consented to language allowing state attorneys general to enforce the law, a provision critical for Democrats.