Crypto Ethics Provision Added
Trump Agrees To Bipartisan Ethics Provision In Massive New Cryptocurrency Bill
Anonymous
President Trump has agreed to a major ethics provision in a sweeping cryptocurrency bill, according to a senior GOP official. The deal adds new conflict-of-interest safeguards that would bar federal officials, their spouses, and federal judges from issuing digital assets—a compromise that addresses Democratic concerns about AP News Trump's own crypto holdings.
The Original Ban That Sparked Pushback
The cryptocurrency bill initially contained a straightforward ban: no federal officials, their spouses, or federal judges could issue digital assets. Rutland Herald But Democrats, including Sen. Thom Tillis and Sen. Ruben Gallego, saw a hole. They argued the rule didn't actually prevent conflicts of interest tied to Trump's existing crypto wealth.
A New Role for State Attorneys General
The updated bill now gives state attorneys general enforcement power. They can sue crypto exchanges if those exchanges list digital assets that would be banned under the law. This shifts enforcement from federal agencies to state officials—a compromise designed to address concerns without centralizing power.
White House Worried About Political Weaponization
The White House initially opposed giving state attorneys general enforcement authority. Officials worried the power could become a political weapon. States could use it against opposing parties unfairly. But the new compromise appears to have eased those concerns enough for Trump to back the broader bill.
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