Trump agrees to about 80% of stricter ethics package tied to Clarity Act

  • President Donald Trump accepted most of an ethics package linked to the Clarity Act.
  • About 80% of the proposal was accepted, a Republican aide told AP.
  • The Senate is set to hold a cloture vote on the bill Tuesday.

President Donald Trump agreed to about 80% of a stricter ethics package linked to the Clarity Act, according to a Republican aide cited by the Associated Press. The agreement came before a Senate cloture vote on the bill scheduled for Tuesday. Several Democrats and Republican Senator Thom Tillis of North Carolina had withheld support, seeking stronger conflict-of-interest rules related to Trump’s personal crypto asset holdings. The package would allow state attorneys general to enforce the law alongside the Justice Department and sue crypto exchanges that list digital assets prohibited under the bill. Elected officials, their spouses and federal judges would have to divest significant financial interests in crypto-issuing entities or place them in a blind trust (managed without their control). The original bill barred only federally elected officials and their spouses from issuing digital assets. White House crypto adviser Patrick Witt said on X Sunday night that the bipartisan bill should now pass after more than a year of negotiations.

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Trump agrees to about 80% of stricter ethics package tied to Clarity Act - CoinPost Terminal