Republican senators Cynthia Lummis, Tim Scott and John Boozman said President Donald Trump has agreed to strict ethics provisions in a cryptocurrency bill, according to ABC News. The measures include letting state attorneys general take part in enforcement and requiring officials to divest their crypto holdings. The bill is scheduled for a key vote on Tuesday.
The provisions originally barred federally elected officials and their spouses from holding digital assets. The language was later revised after senators including Thom Tillis pushed to add enforcement authority for state attorneys general to address conflict-of-interest concerns. The White House had raised concerns that such authority could be used as a political weapon, but Trump ultimately agreed to about 80% of the proposal. A revised version of the bill was released on Sunday.
President Donald Trump has agreed to strict ethics provisions in a cryptocurrency bill, Republican senators Cynthia Lummis, Tim Scott and John Boozman said, according to ABC News.
The provisions include allowing state attorneys general to participate in enforcement and requiring officials to divest crypto assets. The bill is set for a key vote on Tuesday.
The ethics language originally barred federally elected officials and their spouses from holding digital assets. It was later revised after senators including Thom Tillis sought to add enforcement powers for state attorneys general to address conflict-of-interest issues.
The White House had expressed concern that the authority could be used as a political weapon. Trump ultimately agreed to about 80% of the proposed changes, and a revised version of the bill was released on Sunday.
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