September 14, 2026 · Corruption, Ethics & Self-Dealing
· Ethics and financial event
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Trump Agrees to Meme-Coin Ban, Blind Trust to Push Crypto Bill Through Senate
Trump agreed to new ethics provisions in the Senate's crypto bill to secure votes for passage: barring himself, Melania Trump, other elected officials and spouses, and federal judges from issuing meme coins; requiring the president to place crypto holdings in a blind trust and divest above a set threshold; and letting state attorneys general enforce the law alongside the Justice Department. Sens. Lummis and Moreno pressed the meme-coin ban in July; Sens. Gallego and Tillis pushed the blind-trust language. A Senate vote was expected September 15, 2026.
Trump reported $1.4 billion in crypto revenue in 2026, over $600 million from $TRUMP coin sales and over $500 million from World Liberty Financial, his sons' venture. Presidents are traditionally exempt from conflict-of-interest law, so binding a president's crypto holdings by statute is unusual; Democrats called the AG-enforcement piece a red line, saying they don't trust a Trump-appointed attorney general to police him.
The bill had not passed as of September 14. Sen. Gallego said the language "leaves a lot to be desired."
Trump reported $1.4 billion in crypto revenue in 2026, over $600 million from $TRUMP coin sales and over $500 million from World Liberty Financial, his sons' venture. Presidents are traditionally exempt from conflict-of-interest law, so binding a president's crypto holdings by statute is unusual; Democrats called the AG-enforcement piece a red line, saying they don't trust a Trump-appointed attorney general to police him.
The bill had not passed as of September 14. Sen. Gallego said the language "leaves a lot to be desired."
Sources
- Trump Agreed to New Ethics Rules to Get a Crypto Bill Across the Line. But That Might Not Be Enough — Associated Press (via U.S. News & World Report), 2026-09-14