Trump Agrees to New Bipartisan Ethics Provision in Massive Crypto Bill, Republican Senators Say
The updated bill would let state attorneys general sue exchanges and force divestment or blind trusts for significant crypto holdings, a GOP aide said.
- President Donald Trump agreed to about 80% of a stringent ethics proposal in a cryptocurrency bill, specifically accepting a provision empowering state attorneys general to enforce regulations.
- Sen Thom Tillis and Sen Ruben Gallego demanded state enforcement authority after The White House expressed concerns that such power could be used as a political weapon by Democratic or Republican officials.
- An updated version of the bill released on Sunday includes a requirement to divest or place "significant" financial interests in crypto entities into a blind trust, according to a GOP aide.
- Republican Sens Cynthia Lummis of Wyoming, Tim Scott of South Carolina, and John Boozman of Arkansas announced the agreement includes a "meaningful role" for state attorneys general to enforce the measure.
- The legislation faces a key vote this Tuesday to advance the crypto bill, which also permits state attorneys general to sue exchanges that list digital assets barred by the measure.
22 Articles
22 Articles
The Toronto Star
Trump agrees to new bipartisan ethics provision in massive crypto bill, Republican senators say
WASHINGTON (AP) — President Donald Trump has agreed to a significant portion of a stringent ethics proposal that is part of broader cryptocurrency legislation headed for a key vote this week, according to three of the bill's main Republican authors.
Winnipeg Free Press
Trump agrees to new bipartisan ethics provision in massive crypto bill, GOP aide says
WASHINGTON (AP) — President Donald Trump has agreed to a significant portion of a stringent ethics proposal that is part of a broader cryptocurrency bill headed for a key vote this week, according to a senior GOP official involved in the negotiations.
Trump Agrees To Let State AGs Sue Over CLARITY Act Violations
The post Trump Agrees To Let State AGs Sue Over CLARITY Act Violations appeared first on Coinpedia Fintech News President Trump has agreed to allow state attorneys general to sue the Department of Justice and crypto exchanges if he or future presidents violate the CLARITY Act’s restrictions, according to text released Sunday night by Senate Republicans, reported by Eleanor Mueller. A GOP aide called the release the party’s “last, best and final …
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