Trump agrees to relinquish historic moral authority to advance crypto legislation

TechFlow reports that on September 15, according to CoinDesk, US President Trump has reached an agreement on a landmark ethics amendment, clearing the final obstacle for the passage of a major cryptocurrency regulatory bill, the Clarity Act. Patrick Witt, Executive Director of the White House Crypto Policy Council, publicly confirmed this compromise dubbed a "grand concession," emphasizing that the provision marks a key turning point in establishing industry regulatory standards.

In this political deal, Trump agreed to limit his executive powers. Newly added provisions will explicitly prohibit federal officials, including the president, from issuing, promoting, or sponsoring any digital asset projects, thereby eliminating direct conflicts of interest between public office and personal crypto ventures. However, as a core part of the compromise, the bill does not require forced comprehensive liquidation; instead, it allows Trump to retain his existing investments in projects such as World Liberty Financial and continue profiting from them. This carefully calibrated measure aims to mitigate partisan resistance in the Senate, with the bill expected to face a crucial vote next week.