U.S. President Donald Trump has agreed to most of a tougher ethics package linked to the CLARITY Act as supporters try to win over key senators, according to Odaily, citing the Associated Press. A Republican aide said Trump accepted roughly 80% of the proposal.
The revised plan would give state attorneys general joint enforcement authority with the Department of Justice, allowing them to sue crypto exchanges that list digital assets banned under the legislation. It also would require elected officials, their spouses, and federal judges to sell significant financial interests in entities that issue crypto assets or place those holdings into blind trusts.
The changes came after several Democratic senators and Republican Senator Thom Tillis withheld support for the bill and called for tighter conflict-of-interest limits because of Trump’s personal crypto holdings. The Senate is scheduled to hold a procedural vote on the measure on Tuesday.
U.S. President Donald Trump has agreed to most of a stricter ethics package tied to the CLARITY Act as backers seek support from key senators, Odaily reported, citing the Associated Press.
A Republican aide said Trump accepted about 80% of the proposal. The revised plan would give state attorneys general joint enforcement authority with the Department of Justice, allowing them to sue crypto exchanges that list digital assets barred under the bill.
Under the proposal, elected officials, their spouses, and federal judges would be required to sell significant financial interests in entities that issue crypto assets or place those assets into blind trusts.
Several Democratic senators and Republican Senator Thom Tillis had previously refused to support the bill and called for tighter conflict-of-interest restrictions because of Trump’s personal crypto holdings.
The Senate plans to hold a procedural vote on the legislation on Tuesday.
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