Trump Accepts About 80% of Crypto Ethics Proposal, Potentially Paving the Way for the CLARITY Act to Advance

BlockBeats news, September 14: U.S. President Trump has accepted approximately 80% of the crypto ethics proposal put forward by Senators Thom Tillis and Ruben Gallego, clearing some obstacles for the CLARITY Act to advance in the Senate. The latest proposal will grant state attorneys general certain enforcement authority and require relevant individuals holding "significant" economic interests in crypto issuers to divest their assets or place them in a blind trust.

Among the provisions, state attorneys general may file lawsuits against crypto trading platforms that list digital assets prohibited under the bill. Previously, Democratic lawmakers and some Republican lawmakers believed that the original version of the bill only prohibited federally elected officials, their spouses, and federal judges from issuing digital assets, which was insufficient to adequately address the crypto conflicts of interest involving Trump and his family.

Senate Republicans have released the updated final text of the CLARITY Act, and the bill will face a key procedural vote on September 15. Trump's concession this time is seen as an important step toward securing bipartisan support and advancing the crypto market structure bill.

Handling it this way is more timely than simply writing "Trump agrees to new ethics provisions," and it also clearly tells readers: the old news was that the "proposal was put forward," while today's new development is that "Trump has accepted most of the proposal and it has entered the final text."