Key Insights:
- Trump crypto ethics negotiations now include a possible blind trust.
- Trump Media ended its planned $6.42 billion CRO treasury venture.
- Crypto.com’s Truth Social prediction-market integration was also scaled back.
President Donald Trump said he would accept a blind trust covering crypto interests during ongoing Senate market-structure negotiations. The Trump crypto position emerged as Trump Media separately scaled back two Crypto.com initiatives on August 7, 2026.
The developments exposed two pressure points around the president’s digital-asset exposure. Senate talks remained stalled over ethics rules. Trump Media redirected attention to its media operations and the pending TAE Technologies merger.
Trump Crypto Ethics Talks Remain Unresolved
President Trump told Punchbowl News this week that he did not oppose placing assets into a blind trust. The Financial Times quoted Trump saying, “I don’t mind putting it in a blind trust . . . I let my kids run it.”
The Senate continued negotiating ethics provisions tied to the Digital Asset Market Clarity Act. Reuters reported on August 6, 2026, that lawmakers discussed requirements for Trump to divest crypto-related businesses.
The proposed language could also allow deferred capital-gains taxes on qualifying divestitures, Reuters reported, citing Bloomberg. The White House had not commented on that tax treatment when Reuters published its report.
A July 22 Senate draft took a narrower approach to several Trump crypto interests. Transparency International U.S. said it created a divestment-or-blind-trust safe harbor for certain direct holdings.
The group said other business interests and family arrangements could remain outside clear divestment requirements. Senate Banking Committee ranking member Elizabeth Warren also criticized the draft’s ethics and enforcement provisions that day.
Congressional records showed that the House passed H.R. 3633 by a vote of 294-134 on July 17, 2025. The Senate later received the House bill and referred it to the Banking Committee.
The House bill established jurisdictional rules for digital commodities under federal securities and commodities laws. Current Senate negotiations have not produced a final enacted ethics framework.
The Financial Times reported the Senate left without voting before its August recess. The Ethics language remained one obstacle alongside disputes over bank competition and crypto rewards.
Trump Media, Crypto.com, and Yorkville Acquisition Corp. ended their proposed Cronos treasury combination on Aug. 7. Axios reported that the parties cited prevailing market conditions and shifting business priorities.
The companies had announced the transaction on August 26, 2025. Securities and Exchange Commission filings showed planned funding of up to $6.42 billion.
