Senator pushes bill forcing Trump to dump his crypto or put it in a blind trust — the CLARITY Act is now a bargaining chip in Washington. Dems worry it kills their 'crypto corruption' attack line.

Senator pushes bill forcing Trump to dump his crypto or put it in a blind trust — the CLARITY Act is now a bargaining chip in Washington. Dems worry it kills their 'crypto corruption' attack line.

A US senator says the current version of a market-structure bill would require President Trump to sell his digital assets or place them in a blind trust. This is a political battle about crypto regulation and Trump's personal holdings, and it could shape how crypto is treated by US law.

Details

US Senator Cynthia Lummis said the current version of the crypto market structure bill, known as the CLARITY Act, would require President Trump to sell his digital assets or transfer them into a blind trust. That requirement has become a key sticking point in negotiations, according to the Wyoming senator. Several Democratic lawmakers are reportedly wary of advancing the legislation, fearing it could weaken their midterm election messaging around alleged “crypto corruption” tied to Trump. Supporters of the measure note that it also extends ethics rules to the president, vice president, members of Congress, and the federal judiciary. They argue the bill would provide investors with a clearer regulatory framework and stronger protections in the event of a crypto trading platform bankruptcy. The political fight highlights how deeply digital-asset policy is now intertwined with electoral strategy. For traders, the legislative uncertainty could keep crypto markets on edge, with headlines from the talks potentially driving intraday volatility and shifting risk appetite.

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