Trump agrees to new bipartisan ethics provision in massive crypto bill, Republican senators say
Republicans said the revised bill now gives state attorneys general a meaningful enforcement role and requires officials to divest or use blind trusts.
- On Sunday, President Donald Trump agreed to a stringent ethics package for the cryptocurrency bill, authorizing state attorneys general to enforce provisions alongside the Justice Department ahead of Tuesday's pivotal Senate vote.
- Senators Thom Tillis and Ruben Gallego demanded the ethics language to address conflict-of-interest concerns regarding Trump's crypto wealth; their proposal comprises about 80% of the final agreement, making it essential to advance the legislation.
- Revised bill text requires officials to divest or place "significant" financial interests in digital assets into blind trusts, preventing Trump from sponsoring future meme coins similar to those launched last January.
- Granting state attorneys general a "meaningful role" in enforcement addresses a critical Democratic red line; Maryland Senator Angela Alsobrooks, a swing vote, stated she will not support legislation that fails to cover ethics.
- The Senate faces a procedural vote on the $2.3 trillion crypto market bill this Tuesday; success requires 60 votes, necessitating support from at least seven Democrats to advance the legislation.
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Report: Trump Crime Family Moves To Cash Out Crypto
The Washington Sun reports: President Donald Trump and his three sons have taken a step that would permit them to cash out the digital “tokens” created by the family’s cryptocurrency firm, intensifying concerns from ethics experts about potential conflicts of interest. Four anonymous digital wallets simultaneously moved more than $20 billion in $WLFI — one … The post Report: Trump Crime Family Moves To Cash Out Crypto appeared first on Joe.My.Go…
Senate Republicans sweeten crypto bill with new Trump-backed ethics rules ahead of crunch vote
US Senate Republicans have released a revised Clarity Act cryptocurrency bill. New ethics language, agreed upon by President Donald Trump, has been added. This updated text aims to address concerns about potential conflicts of interest. The bill now includes consumer protections and developer safeguards. A procedural vote will determine if the legislation advances in the Senate.
Senate Republicans Finalize CLARITY Act After Trump Agrees to Most Ethics Provisions
A U.S. Senate effort to establish a federal market structure for digital assets is approaching a critical procedural vote after Republican negotiators produced a revised CLARITY Act that makes concessions on government ethics, stablecoin rewards, and several regulatory provisions.Visit Website
Fears grow that Trump boys are about to cut and run and hang their investors out to dry
A quiet crypto filing is setting off loud alarm bells over whether the Trump family is gearing up to take the money and run.According to The Washington Sun, "four anonymous digital wallets" simultaneously moved more than 20 billion $WLFI tokens — one of two cryptocurrencies issued by the Trump family's firm, World Liberty Financial — into a new "vesting contract on May 19." As the report points out: "One of the exchanges was for the precise amou…
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