PANews reported on January 24 that, according to The Block, Democratic lawmakers have submitted several proposed amendments to the bill ahead of next week's Senate Agriculture Committee hearings, debates, and votes on the cryptocurrency market structure bill.
One of the amendments aims to add a "Digital Asset Ethics Act" to the bill. This amendment would prohibit "regulated personnel," such as the president, vice president, and members of Congress, from engaging in certain financial transactions involving digital assets. Bloomberg has estimated that Trump has profited approximately $1.4 billion from his cryptocurrency investments, including investments from the DeFi and stablecoin project World Liberty Financial. The Trump family also holds a 20% stake in the mining company American Bitcoin.
Other amendments include measures to prevent fraudulent transactions via "digital asset self-service terminals" and a requirement to postpone the enactment of future cryptocurrency legislation until at least four commissioners of the Commodity Futures Trading Commission (CFTC) are appointed. This issue has been a point of contention among some lawmakers, as the CFTC currently has only one commissioner, while the maximum number of commissioners is five.
