Trump Ethics Disclosure Throws Curveball at Senate Crypto Talks

Democrats want tougher protections against potential conflicts of interest.

Image: Sen. Angela Alsobrooks, D-Md., questions Kevin Warsh, nominee for chairman of the Federal Reserve, during his Senate Banking Committee confirmation hearing on April 21. (Tom Williams/CQ Roll Call)

 

Mark Schoeff Jr. of Roll Call reports: “The newly disclosed scale of President Donald Trump’s personal cryptocurrency-related profits since taking office last year comes right at a sensitive moment for Senate negotiations on a major digital assets bill that GOP leaders want to bring to the floor this month.

Trump’s potential crypto conflicts have been a sticking point in negotiations over a crypto market structure bill that is pending in the Senate.

Democrats want an ethics provision to curb the ability of public officials to profit from sponsoring or endorsing cryptocurrencies, and the two sides have been squabbling over how to word the language without losing the Trump administration’s otherwise strong support for the bill…”

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