Senate crypto bill talks advance as Tillis demands ethics language
Updated
Updated · POLITICO · Apr 27
Senate crypto bill talks advance as Tillis demands ethics language
12 articles · Updated · POLITICO · Apr 27
Retiring Republican Thom Tillis said he would vote no unless ethics provisions are added before the bill reaches the Senate floor, as Democrats Adam Schiff and Ruben Gallego report progress.
The measure, stalled for months, would divide crypto trading oversight between Wall Street regulators and is nearing committee action, but bipartisan backing hinges on resolving ethics rules beyond Banking Committee jurisdiction.
Democrats want restrictions on federal officials, including the president, sponsoring or issuing digital assets, amid scrutiny of Trump family ventures estimated at more than $1 billion and a weekend $TRUMP investor event at Mar-a-Lago.
How will new U.S. ethics rules for officials reshape global standards for regulating politically-linked cryptocurrencies?
If most crypto assets are not securities, how can regulators effectively police ventures tied to the highest government offices?
When a presidential venture takes foreign funds, what are the national security risks for advanced U.S. technology?