White House Ethics Language Criticized for Failing to Address Trump's Crypto Conflicts
A new ethics language released by the White House in an effort to address concerns over President Trump's conflicts of interest has been met with criticism from Democracy Defenders Action. The organization argues that the language fails to close loopholes and address core financial conflict of interest concerns.
The CLARITY Act, a cryptocurrency regulation bill moving through Congress, was intended to address ethics concerns raised by experts. However, the White House's latest attempt at addressing these concerns has been deemed insufficient.
According to Virginia Canter, chief counsel and director of anti-corruption and ethics at Democracy Defenders Action, 'The president's latest attempt to write his own crypto ethics bill leaves wide loopholes, giving himself time to restructure his crypto venture companies so that he can continue to draw down unprecedented profits.'