Trump agrees to new ethics limits as Senate prepares to vote on crypto bill

During a July meeting with senators, Donald Trump agreed to ethics provisions that would prevent him and First Lady Melania Trump from creating meme-style digital tokens and would require his crypto assets to be held in a blind trust, with mandatory divestiture at a certain threshold. An additional amendment would empower state attorneys general to enforce the law, a safeguard demanded by Democrats who doubt federal enforcement under a Trump-appointed attorney general.

The concessions were driven by Republican sponsors Cynthia Lummis and Bernie Moreno, who seek bipartisan backing for the Clarity Act, a bill governing the $2.3 trillion cryptocurrency sector. Senators Ruben Gallego and Thom Tillis introduced the stricter language, and a senior GOP aide said Trump accepted roughly 80 % of their proposal. The Senate is set to vote on the measure, which could either legitimize crypto through legislation or leave the industry to influence future elections with campaign money. The outcome will determine how tightly political figures are restricted from profiting from digital assets.