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Trump Vows Trust Transfer as Senate Proposes Crypto Ethics Rule

8/10/2026

39 9 Full Breakdown

Summary

Story summary

Senate Democrats proposed an ethics rule that would bar elected officials and their spouses from issuing or sponsoring digital assets.
Senators Thom Tillis (R-N.C.) and Ruben Gallego (D-Ariz.) sent the White House a counteroffer requiring officials to divest crypto holdings.
U.S. President Donald Trump said he would place his assets in a trust managed by his children, a stance that may satisfy the White House proposal.

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Story summary

Senate Democrats proposed an ethics rule that would bar elected officials and their spouses from issuing or sponsoring digital assets.
Senators Thom Tillis (R-N.C.) and Ruben Gallego (D-Ariz.) sent the White House a counteroffer requiring officials to divest crypto holdings.
U.S. President Donald Trump said he would place his assets in a trust managed by his children, a stance that may satisfy the White House proposal.