Trump agrees to new bipartisan ethics provision in massive crypto bill, Republican senators say

Key Points:

• President Donald Trump has agreed to most of a stringent ethics proposal within broader cryptocurrency legislation, which is set for a key Senate vote this week, according to the bill's Republican authors.
• The original bill barred federally elected officials, their spouses, and federal judges from issuing digital assets, but Democrats and Sen. Thom Tillis sought stronger conflict-of-interest provisions, including enforcement powers for state attorneys general.
• Trump’s agreement includes granting state attorneys general a meaningful enforcement role alongside the Justice Department, addressing concerns raised by bipartisan negotiators.
• White House officials had privately expressed concerns about empowering state attorneys general due to potential political weaponization, but the final compromise reportedly covers about 80% of the Tillis-Gallego proposal.
• The updated bill will require officials to divest or place significant crypto-related financial interests in a blind trust and allows state attorneys general to sue crypto exchanges listing banned digital assets.