Sen. Scott says Trump crypto ethics rule is unsuitable for market structure bill

Senate Banking Committee Chairman Tim Scott stated in an interview with CoinDesk that it would be inappropriate to insert an ethics provision targeting President Donald Trump's cryptocurrency business into a pending crypto bill. Scott argued that such an ethics debate is outside the jurisdiction of the Banking Committee and should be handled as a separate matter by the Senate Ethics Committee. He added that while discussions are possible, adding the provision to the bill as is would be more difficult than expected. The U.S. Senate Banking Committee is scheduled to vote on the Digital Asset Market Clarity Act this Thursday.