Trump Pushes CLARITY Act Through Senate, Agrees to About 80% of Ethics Rule Revisions

Odaily News: U.S. President Trump has agreed to most of the stricter ethics rules related to the CLARITY Act in order to win support from key senators. A Republican aide revealed that Trump agreed to about 80% of the relevant proposal. The new plan includes granting state attorneys general joint enforcement authority with the Department of Justice, allowing them to sue crypto exchanges that list digital assets prohibited by the bill; elected officials, their spouses, and federal judges would be required to divest their significant financial interests in crypto asset issuing entities or place the relevant assets in a blind trust.

Previously, several Democratic senators and Republican Senator Thom Tillis refused to support the bill due to concerns over Trump's personal crypto asset holdings and demands for stronger conflict-of-interest restrictions. The Senate is scheduled to hold a procedural vote on the bill on Tuesday. (Associated Press)