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Trump accepts crypto ethics rules ahead of vote
The Hindu··14 Sept
President Donald Trump agreed on September 13, 2026, to tougher ethics language on a Senate cryptocurrency bill, Republicans said. He earlier accepted a ban on federally elected officials and spouses issuing meme coins like those he and Melania Trump launched. A Senate vote on the Clarity Act is set for September 15. Senators say state attorneys general would share enforcement.
Prism
What It Means For You
- Tuesday’s Senate vote will show whether the Clarity Act’s ethics package advances digital-asset rules.
- Federally elected officials and spouses would face a ban on issuing digital assets under the draft language.
- State attorneys general would share enforcement work with the Justice Department if the measure becomes law.
What's Happening
- Lead authors including Sen. Cynthia Lummis said Trump consented late Sunday to a tougher ethics proposal.
- A senior GOP aide said he agreed to about 80 percent of a Tillis-Gallego plan, mainly on state AG power.
- An updated bill also requires divesting or blind-trusting significant crypto issuer interests.
What the Ethics Fight Covers
- Trump reported more than $500 million in World Liberty Financial crypto product revenue in an ethics filing.
- He reported more than $1.4 billion from crypto businesses last year in that disclosure.
- The bill targets a market the report sizes at $2.3 trillion, with industry stakes tied to midterm spending.
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