Trump agrees to 80% of stricter CLARITY Act ethics rules to win Senate support

  • Trump agreed to most proposed stricter ethics rules linked to the CLARITY Act.
  • 80% of the proposal was accepted by Trump, a Republican aide said.
  • The Senate plans a procedural vote on the bill Tuesday.

U.S. President Donald Trump has agreed to about 80% of proposed stricter ethics rules tied to the CLARITY Act in an effort to secure support from key senators, a Republican aide said. The revised plan would give state attorneys general and the Justice Department concurrent authority to sue crypto exchanges that list digital assets prohibited by the bill. Elected officials, their spouses and federal judges would also have to sell substantial financial interests in entities issuing crypto assets or place those assets in blind trusts. Several Democratic senators and Republican senator Thom Tillis had opposed the bill while seeking tighter conflict-of-interest restrictions over Trump's personal crypto holdings. The Senate plans to hold a procedural vote on the legislation Tuesday, the Associated Press reported.

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