Hassett Coinbase stake and Trump crypto policy conflict
One page that accretes the verified record as the story develops. Every fact keeps its date and its sources.
Trump agrees to bipartisan ethics provision in crypto bill
A senior GOP aide said the president had agreed to about 80% of the proposal from Tillis and Gallego, pointing mainly to the state attorneys general provision.
Sen. Thom Tillis and Sen. Ruben Gallego demanded language that would allow state attorneys general to enforce the law in addition to the Justice Department.
President Donald Trump agreed to a significant portion of a stringent ethics proposal that is part of broader cryptocurrency legislation headed for a key vote this week.
Hassett held up to $5 million Coinbase stake as Trump reshaped crypto policy
The crypto working group was chaired by then-White House crypto advisor David Sacks.
The SEC's 2023 lawsuit charged Coinbase with operating an unregistered securities exchange and failing to properly register its crypto staking program.
Coinbase has pledged another $25 million in spending ahead of the 2026 midterms.
Coinbase CEO says clearer U.S. crypto rules coming
Coinbase is partnering with Moov to provide stablecoin capabilities to community banks and credit unions.
Banks have opposed the Clarity Act over interest-like rewards offered on crypto exchanges, warning they could cause deposit flight from community banks and credit unions.
The Clarity Act needs at least 60 votes in the Senate to advance.
“Frankly, if it doesn't pass, it's also going to be a good outcome because the SEC and the CFTC have said that they're ready to publish rulemaking, and we're going to get regulatory clarity one way or another on the 15th or the day or two after,”