Trump makes bombshell move after being accused of 'disgusting' greed following return to White House
Trump makes bombshell move after being accused of 'disgusting' greed following return to White House
SEUNG MIN KIM & Jeremiah HasselMon, September 14, 2026 at 3:29 AM UTC
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President Donald Trump has signed off on a substantial part of a rigorous ethics provision embedded in comprehensive cryptocurrency legislation set for a crucial vote this week, as confirmed by three leading Republican sponsors of the bill.
The wide-ranging legislation originally contained only a clause preventing all federally elected officials and their spouses, along with federal judges, from issuing digital assets.
A central faction of Democrats, alongside Sen. Thom Tillis, R-N.C., argued this fell short of adequately addressing potential conflicts of interest related to Trump's cryptocurrency holdings. Their support is essential for the bill to move forward in Tuesday's pivotal vote.
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Tillis and Sen. Ruben Gallego, D-Ariz., joined by additional Democrats, insisted on provisions empowering state attorneys general to enforce the law alongside the Justice Department.
In revealing Trump's acceptance, Republican Sens. Cynthia Lummis of Wyoming, Tim Scott of South Carolina and John Boozman of Arkansas indicated it incorporates a "meaningful role" for state attorneys general in implementing the crypto measure once enacted.
"At every step of the way during the Clarity Act negotiations, the White House and Senate Republicans have been responsive to Democrats' stated policy objectives," White House crypto adviser Patrick Witt posted on X Sunday night. "After more than a year's worth of negotiations, it's time to pass this bipartisan bill."
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Trump stands accused of using the presidency to make billions -Credit:Charles McQuillan/Getty Images
Behind closed doors, White House officials had expressed apprehension about granting state attorneys general enforcement authority over the legislation, with concerns that Democratic state lawyers might weaponize it against the president and fellow GOP officials — while Republican attorneys general could similarly target elected Democrats, according to two individuals familiar with the discussions.
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However, a senior GOP aide, who briefed reporters on condition of anonymity on Sunday night, indicated the president had endorsed "about 80%" of the Tillis and Gallego proposal, with the state attorneys general provision being the primary sticking point. A revised version of the legislation set for release later Sunday will mandate either divestment or placement into a blind trust of any "significant" financial stake in entities issuing cryptocurrencies, the senior GOP aide revealed.
Trump also consented to provisions enabling state attorneys general to take legal action against cryptocurrency exchanges that list digital assets prohibited under the broader bill, the aide confirmed.
Representatives for Gallego and Tillis did not respond immediately to requests for comment on Sunday night.
Trump accused of 'disgusting' greed after making over $2B since returning to office
Trump's latest move, agreeing to an ethics provision in the new cryptocurrency bill, comes after he was accused of "disgusting" greed after reports indicated that he made upwards of $2 billion after taking office again.
The president was accused of "brazen crypto corruption" after financial disclosures from a couple of months ago revealed his family's cryptocurrency ventures — which generated more than $1 billion in his first year back in the White House.
A new 927-page disclosure released in June by the U.S. Office of Government Ethics shows that Trump was paid more than $2.2 billion last year in total, according to the Guardian. Most of that comes from his real estate holdings, including his golf resorts, as well as branded merchandise licensing deals and court settlements.
A particular set of crypto takings stood out — World Liberty Financial, a joint venture between the Trump family and Middle East envoy Steve Witkoff, brought in more than $500 million through the sale of "governance tokens."
Another firm, CIC Digital LLC, generated over $600 million from Trump-branded meme coins, which launched mere days before his second inauguration.
Elizabeth Warren, the top Democrat on the Senate banking committee, said at the time that the figures show why Congress needs to act.
"The crypto legislation heading to the Senate floor must prevent the president, vice-president, senior administration officials, members of Congress, and their families from profiting off the crypto industry," she said. "If it does not, it will only turbocharge Donald Trump’s brazen crypto corruption."
Juliana Stratton, the current Illinois lieutenant governor and a Democratic candidate for the U.S. Senate, wrote on social media that Trum's "infinite greed is disgusting" and added, "Donald Trump uses the office of the president to make billions while American families struggle to afford their basic needs."
Source: “AOL Breaking”
