President Trump agrees to new bipartisan ethics provision in massive crypto bill, GOP aide says

President Trump agrees to new bipartisan ethics provision in massive crypto bill, GOP aide says

President Donald Trump has agreed to a significant portion of a stringent ethics proposal that is part of a broader cryptocurrency bill headed for a key vote this week, according to a senior GOP official involved in the negotiations.

The sweeping bill initially had a provision included that would bar all federally elected officials and their spouses, as well as federal judges, from issuing digital assets.

Previous coverage in video above: White House Push for Crypto Regulation

A core group of Democrats, as well as Sen. Thom Tillis, R-N.C., said that didn’t go far enough to address conflict-of-interest issues they had with Trump’s crypto wealth. Their votes would be needed to advance the bill in a key vote this Tuesday.

Tillis and Sen. Ruben Gallego, D-Ariz., along with several other Democrats, had demanded language that would allow state attorneys general to step in and enforce the law in addition to the Justice Department.

In private, White House officials had raised concerns about giving state attorneys general the power to enforce the law, arguing that Democratic state lawyers could use it as a political weapon against the president and other GOP officials — and that it could be used by Republican attorneys general against elected Democrats, according to two people with knowledge of the discussions.