Why Trump supported a crypto ethics rule that excluded family businesses

The Senate's final draft of the CLARITY Act (US digital-asset market-structure bill) proposed that senior federal officials divest from digital asset businesses if their equity exceeds $15,000. While the rule would have applied to spouses, it excluded adult children. The bill failed to advance on Sept. 15. The debate highlighted concerns over potential conflicts of interest, specifically regarding Commerce Secretary Howard Lutnick, who transferred his ownership in Cantor Fitzgerald—a firm deeply involved with Tether (USDT)—to trusts benefiting his adult children upon entering office.