U.S. President Donald Trump has accepted about 80% of a bipartisan ethics proposal from Thom Tillis and Ruben Gallego ahead of the Senate’s September 15 vote on the CLARITY Act. The rules would address potential conflicts involving the president, vice president, members of Congress, federal judges and, in some cases, their spouses, including possible requirements to sell significant crypto holdings or place them in a blind trust. The compromise would also give state attorneys general enforcement powers, including potential action against crypto exchanges listing prohibited digital assets. The Senate must first approve cloture, a vote to end debate, with 60 votes required; Republicans need Democratic or independent support. The revised bill includes 126 substantial changes, according to Reuters, and seeks to clarify responsibilities between the SEC (U.S. securities regulator) and CFTC (U.S. derivatives regulator). Galaxy founder Mike Novogratz warned that failure could prolong regulatory uncertainty, push more industry activity offshore and weaken the U.S. market, although he said the SEC and CFTC could still issue rules over the next two years without new legislation.