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Trump Agrees 80% of Senate Democrats’ Crypto Ethics Demands

By Drooid · Sep 14, 2026, 10:40 PM UTC · How we work

Summary

Trump Accepts Crypto Ethics

U.S. President Donald Trump agreed to 80% of the ethics restrictions demanded by Senate Democrats on the crypto CLARITY Act.
The bill adds a clause allowing state attorneys general to sue for ethics enforcement with the Justice Department.
Officials and their spouses must divest crypto holdings or place them in blind trusts.
XRP jumped 3.9% to $1.39.
Bitcoin rose 1.3%.

Summary

Engel Upgrades Coinbase

Compass Point analyst Ed Engel upgraded Coinbase to Neutral and raised price target to $177 ahead of Senate vote.
JPMorgan cut Marathon Digital Holdings (MARA) to Underweight, lowering target to $11 as the stock fell 2% to $11.69.
Bitcoin gained over 1% to near $77,800 as regulatory optimism outweighed AI-related tech weakness.
The Fear & Greed Index read 61, placing the market in “greed” territory despite inflation concerns.

History

Historical Context

In 2011 New York merged its banking and insurance regulators into the Department of Financial Services (DFS), granting it oversight of new financial products. After a 2014 proposal, DFS launched the BitLicense on August 8 2015, triggering the “Great Bitcoin Exodus” as at least ten firms exited the state. Circle earned the first license in September 2015 and Coinbase the second in March 2017, setting a regulatory precedent.

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Trump Accepts Crypto Ethics

U.S. President Donald Trump agreed to 80% of the ethics restrictions demanded by Senate Democrats on the crypto CLARITY Act.
The bill adds a clause allowing state attorneys general to sue for ethics enforcement with the Justice Department.
Officials and their spouses must divest crypto holdings or place them in blind trusts.
XRP jumped 3.9% to $1.39.
Bitcoin rose 1.3%.

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