Trump Administration Acknowledges Ethics Deal Needed for Crypto Legislation
The Trump administration is recognizing that a compromise on presidential cryptocurrency profits is essential for passing digital asset legislation, according to people familiar with negotiations. Democratic senators have made ethics restrictions a condition for supporting the bill, with particular concern about restrictions on the president's family members. The issue has been elevated to senior White House officials as both sides work toward a deal whose terms remain unclear.
The Trump administration is increasingly acknowledging that failing to reach an ethics agreement with Democratic senators on presidential cryptocurrency profits will likely block sought-after digital asset legislation. The issue, which has been elevated to senior White House officials though not to Trump himself, centers on whether restrictions would apply to the president, his family, or both—with particular concern about ventures like World Liberty Financial. Democratic senators have urged face-to-face meetings with Trump to resolve the impasse, while White House officials say they are discussing how to protect both the administration's interests and constitutional separation of powers. Policymakers are simultaneously addressing other outstanding issues including illicit finance regulations. A White House official expressed cautious optimism about reaching a satisfactory resolution, though no timeline has been provided and the potential contours of any deal remain unclear.
What different sources said
- SemaforCenter
Pressure builds for crypto ethics compromise
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