Trump Reportedly Accepts Conflict-of-Interest Terms as Digital Asset Market Clarity Act Heads to Senate Vote

The U.S. Senate is set to vote on a cloture motion for the Digital Asset Market Clarity Act on September 15 at 2:15 p.m. ET, requiring a 60-vote threshold. Reports indicate Donald Trump has accepted approximately 80% of the conflict-of-interest proposals, which include provisions for state attorneys general to play a role in enforcement. The bill mandates that officials divest from or place into blind trusts any corporate equity worth over $15,000 if the company's primary revenue source involves digital asset issuance or sponsorship. It does not ban personal holdings of BTC or ETH. Violations could result in the forfeiture of profits and civil penalties of at least $500,000. The conflict-of-interest provisions would take effect 360 days after enactment or 60 days after final rules are issued, and will not apply retroactively to existing tokens.