U.S. Republican Senator Lummis: Trump needs to divest from his digital asset holdings
2026-07-31 22:38:55
According to CoinMeta, U.S. Republican Senator Cynthia Lummis stated that the latest version of Clarity Act requires Trump to divest himself of his digital asset holdings or place them in a blind trust, and it also sets ethical standards for the president, vice president, members of Congress, and federal judicial personnel. She criticized some Democratic senators for hindering the advancement of the bill due to Trump's conflicts of interest. Some Democratic senators, however, believe that the existing ethical provisions are not sufficient to eliminate the conflicts of interest arising from Trump's crypto business.
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