Back

Senator Thom Tillis Conditions Support for Senate Crypto Bill on Ethics Curbs

Senator Thom Tillis says he will not vote for the Senate crypto bill unless it includes ethics language limiting officials’ use of digital assets.

Summary

Senator Thom Tillis said he will withhold support for a Senate crypto bill unless lawmakers add ethics provisions that restrict public officials’ use of digital assets. The statement indicates that debate around U.S. crypto legislation is extending beyond market structure and oversight to include conflict-of-interest safeguards for policymakers and government officials.

Terms & Concepts
  • Digital assets: A broad term covering blockchain-based assets such as cryptocurrencies and tokens that can be transferred or stored electronically.
  • Ethics language: Legislative wording designed to set conduct standards, disclosures, or restrictions to reduce conflicts of interest among public officials.
  • Crypto bill: A proposed law covering cryptocurrency-related rules, which can include market oversight, consumer protections, and regulatory responsibilities.