PANews reported on January 24 that, in accordance to The Block, Democratic lawmakers have submitted several proposed amendments to the invoice forward of subsequent week’s Senate Agriculture Committee hearings, debates, and votes on the cryptocurrency market structure invoice.
One among the amendments goals to add a “Digital Asset Ethics Act” to the invoice. This modification would prohibit “regulated personnel,” equivalent to the president, vice president, and members of Congress, from participating in sure monetary transactions involving digital belongings. Bloomberg has estimated that Trump has profited roughly $1.4 billion from his cryptocurrency investments, including investments from the DeFi and stablecoin mission World Liberty Monetary. The Trump household additionally holds a 20% stake in the mining firm American Bitcoin.
Other amendments embrace measures to forestall fraudulent transactions by way of “digital asset self-service terminals” and a requirement to postpone the enactment of future cryptocurrency laws till at the least 4 commissioners of the Commodity Futures Trading Fee (CFTC) are appointed. This concern has been a level of rivalry amongst some lawmakers, as the CFTC at present has just one commissioner, whereas the most variety of commissioners is 5.
