President Donald Trump has accepted proposed ethics restrictions for the Digital Asset Market Clarity Act, shifting pressure to Senate Democrats. The move addresses a key sticking point in negotiations over the crypto market structure bill.
Trump reached the agreement after meeting last week with Republican senators and a White House adviser. He approved the language on Monday, though Democratic negotiators have not yet reviewed the text.
The restrictions would apply to the president, vice president and members of Congress. Democrats have pushed for enforcement by state attorneys general, while Republicans and the White House prefer authority with the U.S. attorney general.
The Senate aims to advance the bill before its August recess. Lawmakers must still resolve other issues, including illicit-finance provisions, before a possible floor vote next week.
