President Donald Trump had been hearing the message loud and clear for weeks about the sweeping cryptocurrency bill being written in the Senate: to get it across the line, he would have to agree to ethics provisions that apply to him, too.
First, Trump agreed to a measure that would bar him and his wife from issuing the types of meme coins that they swiftly launched as he prepared to return to the White House for a second time. And then another concession came late Sunday, when Republicans said Trump consented to a tougher ethics proposal that several key senators had demanded.
Now, a pivotal Senate vote on the cryptocurrency bill on Tuesday could mark a watershed moment for the $2.3 trillion market – but it hinges mainly on whether those sign-offs from Trump go far enough. That vote could determine whether Washington cements crypto legitimacy into law or whether a frustrated, deep-pocketed industry could unleash even more campaign cash in the midterm elections.
“A vote against the
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