President Trump Could Be Forced To Sell His Cryptocurrency

Cryptocurrency was one of the major topics of discussion during President Trump’s Presidential campaigns. He vowed to make the US a cryptocurrency hub, and make the rules easier for crypto-based companies to flourish. Soon after assuming office Trump created a digital asset reserve for the US. The next big cryptocurrency-related legislation is the CLARITY Act, which could not go well for President Trump’s crypto wallet. Let’s discuss what’s going on.

Will The CLARITY Act Bar President Trump From Holding Cryptocurrency?

The CLARITY Act has faced some hurdles among policymakers. Many have been asking additional ethics language to bar people in power from profiting from cryptocurrencies. This especially target President Trump, given that his family made more than $1 billion in crypto profits since he took office.

According to a Bloomberg report, the bipartisan ethics proposal for the CLARITY Act could require Trump to divest from cryptocurrency-related businesses to address conflicts of interest.

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