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Senate Eyes Ethics Ban as Trump Holds $1 B Crypto Holdings

4/28/2026

Summary

Story summary

Senators are negotiating an ethics rule that would bar employees, including U.S. President Donald Trump, from sponsoring assets.
Senator Adam Schiff (D-CA) said negotiations are progressing and that Patrick Witt is leading talks with Senators Cynthia Lummis (R-WY) and Bernie Moreno (R-OH).
Trump family’s crypto holdings exceed $1 billion while Justin Sun sued World Liberty Financial over a scheme to seize his WLFI tokens, citing his 2024 $6 million banana purchase.

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Story summary

Senators are negotiating an ethics rule that would bar employees, including U.S. President Donald Trump, from sponsoring assets.
Senator Adam Schiff (D-CA) said negotiations are progressing and that Patrick Witt is leading talks with Senators Cynthia Lummis (R-WY) and Bernie Moreno (R-OH).
Trump family’s crypto holdings exceed $1 billion while Justin Sun sued World Liberty Financial over a scheme to seize his WLFI tokens, citing his 2024 $6 million banana purchase.