Divestment Trigger Emerges in Bipartisan Crypto Ethics Rewrite

A bipartisan ethics counteroffer to a major crypto bill would force President Trump and other federal officials to divest any ownership in digital-asset firms if the stake exceeds $1 million and accounts for 10% or more of the firm’s value, with applicability to firms that earn most of their revenue from crypto issuance or sponsorship. The plan, transmitted to the White House by Senators Tillis and Gallego, would empower state attorneys general to pursue enforcement and challenge crypto listings that violate the ethics rules. Divestment requirements would take effect one year after enactment, with six months to comply, and could interact with tax provisions. The language is still under negotiation as lawmakers push a bipartisan deal to address concerns about Trump family crypto interests alongside other policy issues.