Actualités financières en direct

Treasury Secretary Scott Bessent has frozen out the news outlet that reported his own contradictory mortgage pledges, a campaign media figures warn could endanger the economy. The account comes from a Sunday report by …

Treasury Secretary Scott Bessent has frozen out the news outlet that reported his own contradictory mortgage pledges, a campaign media figures warn could endanger the economy. The account comes from a Sunday report by Semafor media editor Max Tani, based on interviews with reporters, editors and Treasury officials. Tani reported that Bessent threatened Bloomberg News with retaliation last September, then spent a year carrying the threat out. Several media figures Tani contacted warned that a hostile relationship between the Treasury secretary and the press corps could pose a "real risk" if the United States hits an economic crisis, Semafor reported. The warning comes as high interest rates remain front-page news, according to the report, and as so-called bond vigilantes — investors who dump government debt to force a change in policy — test the Treasury's credibility. Those shut out are the outlets bond traders read. The fight began with a telephone call last September, according to Semafor. Bessent was "furious" that Bloomberg reporters Anthony Cormier and Zachary Mider planned to report that he had once agreed to occupy two different houses as his "principal residence" at the same time, two people familiar with the exchange told Semafor. He phoned Editor-in-Chief John Micklethwait directly. If Bloomberg published, Bessent told Micklethwait, the outlet could expect different treatment from the Treasury Department, including no more appearances by the secretary, Semafor reported. His team also asked for more time to supply documents. The story was headed for print just as President Donald Trump used the same rationale to force out Federal Reserve Governor Lisa Cook, according to Semafor. Trump fired Cook last year after Federal Housing Finance Agency director William Pulte accused her of listing two properties as her primary residence, Bloomberg reported. Her mortgage pledges alone justified removing her from the Fed board, Trump wrote in her termination letter, calling them "potentially criminal conduct." Such charges are almost never brought. Federal prosecutors have charged someone criminally for misstating a primary residence on a mortgage application only 20 times in eight years, a Reuters review of more than 600 cases found, and just one was a standalone charge. On Sept. 20, 2007, Bessent agreed that a seven-bedroom manor he was buying in Bedford Hills, New York, would be his principal residence for the coming year. On the same day, he made the identical pledge about a beachfront house in Provincetown, Massachusetts. There was no sign of wrongdoing on his part, Bloomberg reported. Both mortgages came from Bank of America as part of one $21 million financing, so the bank could not have been misled. His lawyer, Charles Rich, signed the papers under power of attorney. "Bank of America was fully aware that the Provincetown … property was not a principal residence and waived any requirement that it be used as a principal residence," Rich wrote to Bloomberg. The problem for the administration was double standards, Bloomberg concluded, created by the president's decision to use the technical question of primary residence to remove someone he wanted gone. Bloomberg published the article on Sept. 17, 2025. Bessent has not appeared on Bloomberg Television since, Semafor reported, and some of the outlet's reporters privately complain they no longer receive certain press releases carrying key financial information. Reporters from Bloomberg, The New York Times and The Wall Street Journal were later denied credentials to cover the Group of 20 finance meeting Bessent hosted in Asheville, North Carolina, from Aug. 29 to Sept. 1. Treasury approved nearly 300 journalists but gave no explanation, the Associated Press reported. "Blatant attempt to evade public scrutiny" was how the Times described the decision, the AP reported, noting the agenda included bond markets and inflation. "It has nothing to do with point of view," Bessent told the AP. Bessent has attacked reporters by name in public as well, Semafor reported. He called a Financial Times story on Federal Reserve oversight "tabloid trash for market participants," dismissed its reporters as "pathetic" and "mendacious," and labeled the Journal's chief economic correspondent, Nick Timiraos, one of the "stenographers posing as journalists." He has made time elsewhere, sitting for interviews in recent days with Right Side Broadcasting, Fox News and Steve Bannon's "War Room," appearing on the latter from the Republican midterm convention in Dallas on Friday, Semafor reported. "If some of the Bloomberg Terminal bros are unhappy with me," Bessent said there, "that's too bad." "What we cannot do is dedicate the Secretary's valuable time to helping media swamp creatures manufacture a fake narrative," a Treasury spokesperson told Semafor, adding that Bessent has conducted hundreds of media engagements. "The finest Treasury Secretary since Alexander Hamilton," Bannon called him Friday, according to Semafor — the same Bannon who had backed his bid for the job.

Skip to comments. The Fed may be on the verge of a serious mistake, prominent economists warn Marketwatch ^ | Sept. 14, 2026 | Greg Robb Follow Posted on by lasereye Investors on Wall …

Skip to comments. The Fed may be on the verge of a serious mistake, prominent economists warn Marketwatch ^ | Sept. 14, 2026 | Greg Robb Follow Posted on by lasereye Investors on Wall Street and observers of the Federal Reserve in Washington largely expect the central bank to raise interest rates when it meets this week, but some prominent economists are warning that such a move could prove to be a mistake. They see the economy as more vulnerable to a steep slowdown in growth than commonly believed. The Fed’s job is to keep employment steady and inflation under control. If central bank officials raise rates on Wednesday, the goal will be to cool inflation. But these economists worry that a rate hike could cause a sharp cut in economic activity, which could prompt businesses to let go of workers and ultimately lead to a recession. “The odds of a serious Fed policy mistake are uncomfortably high and rising,” warned Mark Zandi, chief economist at Moody’s Analytics, in a post on X. It’s hard to slow economic growth without layoffs, rising unemployment and igniting a “self-reinforcing negative cycle,” said Zandi, who has advised leading Democrats over the years. In late August, Fed Chairman Kevin Warsh used his remarks at the Jackson Hole economic symposium to signal that he was concerned about inflation trends. He said he wouldn’t hesitate to act if the inflation picture worsened. Ten days ago, investors put the odds of a rate hike at about 50%. But rising diesel prices, renewed tensions in the Middle East and Friday’s hotter-than-expected consumer inflation report have convinced traders and economists that Warsh will follow through on his tough talk and raise rates. Fed officials will meet behind closed doors Tuesday and Wednesday to decide whether to hike interest rates or hold them steady. The Fed’s decision will be announced at 2 p.m. Eastern time on Wednesday, and Warsh will hold a press conference at 2:30 p.m. (Excerpt) Read more at marketwatch.com ... TOPICS: Business/Economy News/Current Events KEYWORDS: federalreserve inflation interestrates Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. To: lasereye Karl Marx was a “prominent economist”... by 2 posted onby Nervous Tick (Hope, as a righteous product of properly aligned Faith, IS in fact a strategy.) To: lasereye Marketwatch.... Subscribe to continue reading.... Create a free account, by handing over your data via Google, Facebook or giving up your name and email address. Marketwatch will be watching — you. To: lasereye My sources indicate there is a serious shortage of $$$ available right now. My feeling its due to businesses in trouble. To: lasereye I don’t relish the Fed raising rates, but if they do, the fault lies in a government (both parties included incapable of a delivering a responsible fiscal policy. Inflation is not something that should be ignored, and Fed policy cannot be expected to whitewash the failure of the government’s excessive spending and borrowing. To: lasereye Overheard at the Fed meeting: “How can we screw Trump?” by 6 posted onby ClearCase_guy (Some people want to control their own life, others want to control the lives of others. ) To: Nervous Tick --- "Karl Marx was a “prominent economist”..." Don't forget the French's Thomas Piketty.... Prominent, he'll tell you. To: lasereye Are these one-handed, or two-handed economists? To: lasereye Don’t worry, the right people will be just fine. by 9 posted onby dljordan (Where's the rest of the Epstein files hmmmm?) To: lasereye F the Fed. Shut down the elites financial advisors. by 10 posted onby cp124 (Bring back the Constitution.) To: Nervous Tick This sounds like sniveling little creeps like Robert Reich To: dljordan ✅ The Government Debt Enslavement Cult, Big Un-Beautiful Signed Trump Bill, and his Predessesors, in your face arrogance, march on. The Golden Parachute Class by 12 posted onby Varsity Flight ( "War by 🙏 the prophesied set before you." ) I Timothy 1:18. Nazarite warriors. 10.5.6.5 These Days) To: Nervous Tick Never. by 13 posted onby steve8714 (I have great hope for Pope Leo. Oops. Not now.) To: lasereye Economists have correctly forecast 10 of the last 5 recessions. by 14 posted onby Bobbyvotes (Work is best form of worship to God.) To: lasereye How bout they just don’t do anything and let it ride.......... by 15 posted onby Red Badger (Iryna Zarutska, May 22, 2002 Kyiv, Ukraine – August 22, 2025 Charlotte, North Carolina Say her name) To: lasereye Raising the short-term rate may be the only way to bring down the long-term rates. If bond traders don’t think the Fed is taking inflation seriously, they will dump long-duration Treasuries. To: Nervous Tick So was the obozo’s stash lady. by 17 posted onby Track9 (Liberal tears make me smile. Thank you DJT! ABM = anything but muslim ) To: lasereye This inflationary cycle is not being caused by too much, money chasing too few goods. It is being caused by too little oil and diesel affecting the price of everything. Raising borrowing costs does not solve that problem. To: steve8714 >> Never. Sure he is! He even wrote a book with an economistic-sounding name. “The Capital” or something. He has a lot of worshipers in The Academy. The Academy is quite prominent, you know. by 19 posted onby Nervous Tick (Hope, as a righteous product of properly aligned Faith, IS in fact a strategy.) To: lasereye You’ll live in a van down by the river and be thankful you have that! Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works. FreeRepublic , LLC, PO BOX 9771, FRESNO, CA 93794 FreeRepublic.com is powered by software copyright 2000-2008 John Robinson

Here’s my monthly survey of the best interest rates on cash as of September 2026, roughly sorted from shortest to longest maturities. Banks and brokerages love taking advantage of idle cash, and you can …

Here’s my monthly survey of the best interest rates on cash as of September 2026, roughly sorted from shortest to longest maturities. Banks and brokerages love taking advantage of idle cash, and you can often earn more interest while keeping the same level of… Here’s my monthly survey of the best interest rates on cash as of September 2026, roughly sorted from shortest to longest maturities. Banks and brokerages love taking advantage of idle cash, and you …

KuCoin Spotlight returns with a pre-listing subscription for 7,751,938 GNOT at a subscription price of $0.0645 per token. The oversubscription model uses pro-rata allocation, under which eligible subscribers may receive an allocation based on …

KuCoin Spotlight returns with a pre-listing subscription for 7,751,938 GNOT at a subscription price of $0.0645 per token. The oversubscription model uses pro-rata allocation, under which eligible subscribers may receive an allocation based on their committed amount. Subscriptions are available in KCS, USDT, and newly added USDG, alongside KCS discounts and optional conditional price protection. KuCoin Spotlight is returning with a pre-listing subscription for Gno.land (GNOT), offering eligible users access to 7,751,938 GNOT at $0.0645 per token before spot trading begins. The campaign marks the return of Spotlight with an updated participation framework designed to provide a more structured allocation process. The updated format combines pro-rata allocation under an oversubscription mechanism, subscriptions paid with KCS, USDT and USDG, and an optional conditional post-listing buyback mechanism. Gno.land Joins the Spotlight Lineup Gno.land, developed by NewTendermint, is an open-source Layer 1 smart-contract platform built around Gno, a deterministic variation of Go designed for on-chain applications. GNOT is the network’s native token used to pay gas for storage deposits, contract execution, and cross-chain interactions. The addition of Gno.land broadens Spotlight’s coverage of blockchain infrastructure projects by adding a Go-based smart-contract network to its lineup. Extending the Spotlight Subscription Model Pro-rata allocation for every eligible subscriber: The campaign supports oversubscription, with GNOT distributed proportionally based on each participant’s committed amount. Every eligible user who completes a valid subscription receives an allocation, rather than entering a first-come, first-served or lottery model. Up to 10% off with KCS: Users can subscribe with KCS, USDT, or newly added USDG. KCS subscribers may receive a discount of up to 10% and can use flexibly staked KCS directly without unstaking first. Conditional post-listing buyback: Participants may opt in to the automatic buyback mechanism when subscribing. Eligible allocations may qualify for a buyback at the subscription price if specified conditions are met during the seven days following listing. See the official KuCoin announcement for full terms. How to Subscribe for GNOT Eligible users can log in to their KuCoin accounts, visit the KuCoin Spotlight Center, select GNOT and subscribe using KCS, USDT or USDG. Users who wish to participate in the conditional buyback mechanism may opt in during the subscription process.. Learn more in the official KuCoin Announcements. About KuCoin Founded in 2017, KuCoin is a leading global crypto platform built on trust and security, serving over 45 million users across 200+ countries and regions. Known for its reliability and user-first approach, the platform combines advanced technology, deep liquidity, and strong security safeguards to deliver a seamless trading experience. KuCoin provides access to 1,500+ digital assets through a broad product suite and remains committed to building transparent, compliant, and user-centric digital asset infrastructure for the future of finance, backed by SOC 2 Type II, ISO/IEC 27001:2022, ISO/IEC 27701:2019, ISO 22301:2019 and ISO/IEC 42001:2023 certifications. In recent years, we have built a strong global compliance foundation, marked by key milestones including AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory progress in other markets. Learn more at www.kucoin.com. Disclaimer The information is for corporate PR purposes only and does not constitute endorsement or investment advice.

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial …

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Mutsamudu, Comoros, September 14, 2026 – MEXC, a pioneer in 0-fee digital asset trading, has released its August trading data for new tokens and TradFi assets. The number of users trading new tokens rose 21% month over month, while the top-performing token posted a peak gain of 14,143%. During the same period, TradFi Spot trading volume increased 13% month over month, led by a 31% rise in tokenized stock trading volume. From early-stage tokens to tokenized stocks, trading activity on MEXC expanded across both crypto and traditional asset markets in August. In the new-token market, the number of users trading new tokens on MEXC rose 21% month over month in August. The top 10 tokens by peak gain recorded an average peak gain of 3,358%, up 145% month over month, with Niu Lai (牛来) ranking first at 14,143%. Five of these tokens also ranked among the top 10 by Spot trading volume, collectively accounting for 65% of trading volume among the top 10 new tokens by volume. Among the top 10 tokens by trading volume, five memecoins contributed 55% of total volume, while AI, RWA, DeFi, and cross-chain infrastructure projects accounted for the remaining 45%. While memecoins led trading activity, utility-focused projects across AI, RWA, and DeFi also attracted strong interest. During the same period, TradFi Spot activity expanded further into stock-related assets. Tokenized stock trading volume rose 31% month over month in August, making it the main driver of TradFi Spot growth. Tokenized stocks including CRCL, NBIS, and SPCX ranked among the top 10 assets by trading volume. Gold-related assets also remained active, with GOLD (PAXG) trading volume rising 43% month over month and ranking first in TradFi Spot. Precious metals Futures showed a clearer divergence. Trading volume rose 32% month over month in August, keeping precious metals the largest asset class by volume in TradFi Futures. XAU volume increased 57% and SILVER rose 39%, while XAUT declined 10%. This indicates growth was concentrated primarily in XAU and silver-related assets rather than spread evenly across the category. As trading demand grew across both crypto and traditional markets, MEXC supported participation through a range of campaigns and product access points. During the month, the platform launched three flagship campaigns focused on TradFi, xStocks, and MOVE, each with a total prize pool of 1 million USDT. The “TradFi Million-Dollar Gala” attracted more than 174,000 registrations and generated an average daily trading volume of 4.2 billion USDT. The xStocks flagship campaign featured tokenized stocks including NVDAX, CRCLX, and TSLAX, further expanding user access to markets linked to traditional assets. MEXC CEO Vugar Usi said, “Whether users are looking at early-stage tokens, stocks, or precious metals, they want fast and convenient access when new trading opportunities emerge. MEXC will continue expanding its cross-asset coverage, reducing unnecessary friction between markets, and giving users more flexibility to trade different asset classes on a single platform” About MEXC Founded in 2018, MEXC is a leading global multi-asset trading platform built as your 0-fee gateway to infinite opportunities. Serving users across 170+ markets, MEXC provides simple and efficient access to crypto, stocks, tokenized assets, derivatives, and a growing range of TradFi-linked opportunities through one account and one gateway. With 0 trading fees, deep liquidity, broad asset coverage, and a high-performance trading experience, MEXC is designed for retail users who want to discover earlier, act faster, and trade with fewer barriers. As crypto and traditional finance continue to converge, MEXC is committed to making global opportunities more accessible, helping users trade freely and MEXCmize every opportunity. MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC For media inquiries, please contact MEXC PR team: media@mexc.com Source

Dario Amodei's essay advocating cautious AI development knocked NVDA shares down four points, but the company's $2 trillion order backlog tells a different story Nvidia shares dropped four points on September 14 after Anthropic …

Dario Amodei's essay advocating cautious AI development knocked NVDA shares down four points, but the company's $2 trillion order backlog tells a different story Nvidia shares dropped four points on September 14 after Anthropic CEO Dario Amodei published an essay calling for a systematic slowdown in AI model development. Jim Cramer weighed in on the dip, calling NVDA a stock worth buying, but with a caveat: wait for it to fall further. His reasoning centers on what he considers insufficient buyback programs from Nvidia, a factor that limits the downside protection investors might otherwise count on during moments of turbulence like this one. Gloria Close the app — Gloria Finance keeps watching. Set a monitor and hear back only when something material changes. Set a monitor → The Amodei paradox Amodei’s essay, published around September 12-13, laid out the case for pacing AI advancements more carefully, citing safety concerns and risks tied to rapid technological leaps. Advertisement But here’s where it gets interesting. Anthropic itself has committed to roughly $517 billion in compute spending through August 2026. That money flows directly into the pockets of companies like Nvidia, whose GPU infrastructure underpins virtually every serious AI research lab on the planet. Nvidia CEO Jensen Huang has been open about how the Anthropic relationship is deepening. Grace Blackwell system shipments climbed 27% month-over-month, a pace that suggests demand isn’t just sustained but accelerating. AI, tech, and the markets they move—in one daily briefing. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. Email address Subscribe free We respect your privacy. Unsubscribe anytime. Nvidia’s demand picture remains staggering The company reported a backlog of orders exceeding $2 trillion in its Q2 results. That’s roughly equivalent to the entire GDP of Italy sitting in a queue waiting for GPU shipments. The 27% month-over-month increase in Grace Blackwell shipments demonstrates that Nvidia’s latest-generation systems are ramping faster than previous product cycles. Safety rhetoric vs. spending reality Cramer’s broader point about buybacks deserves attention. Nvidia’s repurchase program, relative to its market capitalization, hasn’t kept pace with what investors in a stock this dominant might expect. Without that cushion, dips triggered by external commentary can extend further than they otherwise would.

By Hannah Lang, Gertrude Chavez-Dreyfuss and Medha Singh Sept 14 (Reuters) - Bitcoin bulls are back after months of gloom, but a Federal Reserve rate decision this week will test that optimism, even as …

By Hannah Lang, Gertrude Chavez-Dreyfuss and Medha Singh Sept 14 (Reuters) - Bitcoin bulls are back after months of gloom, but a Federal Reserve rate decision this week will test that optimism, even as a key Senate vote on crypto legislation could provide a s… By Hannah Lang, Gertrude Chavez-Dreyfuss and Medha SinghSept 14 (Reuters) - Bitcoin bulls are back after months of gloom, but a Federal Reserve rate decision this week will test that optimism, even a…

Your privacy choices Accept all', we and technical identifiers and browsing and search data, for analytics, personalised advertising and content, advertising and content measurement, and audience research and services development. If you click '', …

Your privacy choices Accept all', we and technical identifiers and browsing and search data, for analytics, personalised advertising and content, advertising and content measurement, and audience research and services development. If you click '', we and our partners , including 252 who are part of the IAB Transparency & Consent Framework, will also store and / or access information on a device (in other words, use cookies) and use precise geolocation data and other personal data such asand browsing and search data, for analytics, personalised advertising and content, advertising and content measurement, and audience research and services development. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. If you would like to customise your choices, click 'Manage privacy settings'. You can withdraw your consent or change your choices at any time by clicking on the 'Privacy and Cookie settings' or 'Privacy dashboard' links on our sites and apps. Find out more about how we use your personal data in our Privacy Policy and Cookie Policy.

The crypto market is bracing for huge volatility in Bitcoin (BTC), Ethereum (ETH), and XRP due to a macro-heavy week. Wall Street giants JPMorgan and Goldman Sachs now expect a Fed rate hike. Traders …

The crypto market is bracing for huge volatility in Bitcoin (BTC), Ethereum (ETH), and XRP due to a macro-heavy week. Wall Street giants JPMorgan and Goldman Sachs now expect a Fed rate hike. Traders expect price action to remain choppy as multiple key events, including the CLARITY Act vote and the Bank of Japan rate decision, are also scheduled this week. Escalating the Middle East conflict is increasing uncertainty in global markets and risking pressure on the crypto market. In addition, skyrocketing oil prices, Treasury yields, and the US dollar are contributing to heightened selling pressure on Bitcoin. Ad Ad JPMorgan and Goldman Sachs Estimate 25 Bps Fed Rate Hike in September Goldman Sachs and JPMorgan have shifted to expecting a 25 bps Fed rate hike at the September meeting after hotter August inflation and the renewed oil surge. Markets are pricing roughly an 87% probability of a hike, Reuters reported on September 14. Goldman Sachs abandoned its previous call for the Fed to hold rates steady and now projects a 25bps hike at the September 16 FOMC meeting. In contrast, JPMorgan is forecasting 25bps hikes in both September and December. The shift follows hotter-than-expected August PPI and CPI inflation data. The continued US-Iran war is keeping oil prices elevated. At the time of writing, oil prices were 3% above $103 per barrel today. Meanwhile, the US Fed rate decision is followed by the Bank of England and Bank of Japan’s interest rate decisions. Goldman Sachs expects potential selling pressure on Bitcoin, Ethereum and XRP, as higher rates generally mean tighter financial conditions and a stronger dollar. CME FedWatch Tool now shows an almost 88% probability of a 25 bps rate hike this week, up from around 70% before the latest inflation prints. The narrative has moved from whether the Fed would hike rates at all to how large and persistent a new tightening cycle could become. Ad Ad Crypto Market Could Face Selling Pressure Meanwhile, the CLARITY Act is set for a Senate procedural vote on Tuesday. Bernstein said crypto markets currently have a bearish bias, leaving room for a rebound amid positive CLARITY Act news. President Trump agreed to ethics provision in new crypto bill text. Bernstein sees some Democrats supporting it to meet the 60-vote requirement. Bloomberg has reported that about 7 to 10 Democrats “sound like they want to ultimately pass a bill,” but public commitments remain limited. Bernstein predicts upside momentum in crypto assets such as Bitcoin, Ethereum and XRP as Democratic support could lift sentiment in the crypto market. However, a failed vote, especially if paired with hawkish Fed commentary, could trigger another crash in the crypto market and crypto-linked stocks. The derivatives market showed buying sentiment in the last few hours, as per CoinGlass data. At the time of writing, the total Bitcoin futures open interest jumped 2.78% to $52.80 in the past 24 hours. The 24-hour BTC futures OI is up more than 1.42% on CME and 2.22% on Binance. Polymarket data shows prediction market participants expect the Bitcoin price to reach $85,000 by December 31, 2026, with 67% ‘Yes’ bets.

President Donald Trump had been hearing the message loud and clear for weeks about the sweeping cryptocurrency bill being written in the Senate: to get it across the line, he would have to agree …

President Donald Trump had been hearing the message loud and clear for weeks about the sweeping cryptocurrency bill being written in the Senate: to get it across the line, he would have to agree to ethics provisions that apply to him, too. First, Trump agreed to a measure that would bar him and his wife from issuing the types of meme coins that they swiftly launched as he prepared to return to the White House for a second time. And then another concession came late Sunday, when Republicans said Trump consented to a tougher ethics proposal that several key senators had demanded. Now, a pivotal Senate vote on the cryptocurrency bill on Tuesday could mark a watershed moment for the $2.3 trillion market - but it hinges mainly on whether those sign-offs from Trump go far enough. That vote could determine whether Washington cements crypto legitimacy into law or whether a frustrated, deep-pocketed industry could unleash even more campaign cash in the midterm elections. "A vote against the Clarity Act isn't a principled stand against President Trump," Sen. Cynthia Lummis, R-Wyo., the lead author of the crypto bill, told The Associated Press. "It's a vote against implementing tough restrictions on politicians for crypto investments." Crypto bill's fate hangs on Trump-focused ethics fight The president has amassed significant amounts of crypto wealth while in office, complicating dynamics for senators drafting legislation to try to bring the fledgling digital assets industry into the mainstream. With that in mind, Lummis and Sen. Bernie Moreno, R-Ohio, went to the White House for a meeting in mid-July and told Trump that he would have to abide by conflict-of-interest restrictions to get key Democrats on board with the bill. The president agreed - with surprisingly little pushback, according to two people with knowledge of the Oval Office discussion, who spoke on condition of anonymity to describe the private talks. The language presented in that meeting by Lummis, a longtime crypto backer steeped in the intricacies of digital asset policy, and Moreno, a blockchain entrepreneur and luxury car dealer known for his persuasive sales pitch, would bar all federally elected officials and their spouses, as well as federal judges, from issuing digital assets. That would mean Trump would no longer be able to sponsor the type of meme coin he launched on the cusp of his second inauguration last January, nor would his wife, first lady Melania Trump, who also has a token. But Sen. Ruben Gallego, D-Ariz., and Sen. Thom Tillis, R-N.C., then presented an additional proposal to the White House that went further. It would require the president to put his crypto holdings in a blind trust, and divest when those holdings reach a certain value, according to two other people with direct knowledge of the language. They spoke on condition of anonymity to discuss private negotiations. It would also allow state attorneys general to step in and enforce the law in addition to the Justice Department - a critical provision for Democrats who say they would not be able to trust a Trump-appointed attorney general to enforce any conflict-of-interest provision against the president. That proposal could, in theory, force Trump to divest from ventures such as World Liberty Financial, the cryptocurrency venture that his sons launched in 2024. Trump reported more than $500 million in revenue from World Liberty Financial sales of crypto products, including "governance tokens," in his annual disclosure report filed with the Office of Government Ethics - a significant share of the more than $1.4 billion that the president reported from crypto businesses last year. White House warms to Democrats' ethics idea after initial skepticism In private, White House officials had raised concerns about giving state attorneys general the power to enforce the law, arguing that Democratic state lawyers could use it as a political weapon against the president and other GOP officials - and that it could be used by Republican attorneys general against elected Democrats, according to the two people familiar with the July Oval Office discussion. Still, Trump agreed to language that includes a "meaningful role" for state attorneys general to play in enforcing the crypto measure should it become law, according to a Sunday night statement from Lummis and Sens. John Boozman, R-Ark., and Tim Scott, R-S.C., the bill's main authors. A senior GOP aide, who briefed reporters on condition of anonymity, said the president had agreed to "about 80%" of the proposal from Tillis and Gallego, pointing mainly to the state attorneys general provision. An updated version of the bill released Sunday also includes a requirement to either divest or place in a blind trust any "significant" financial interest in an entity that issues cryptocurrencies. Gallego and Tillis, the senators who had pushed for additional measures, did not immediately comment on the development late Sunday. Trump also agreed to language that would allow state attorneys general to sue a crypto exchange if they list a digital asset that would be barred in the overall bill, according to the aide. Trump had been persuaded in part after a slew of conversations about the importance of passing the crypto measure, including with industry officials, the aide said. For Democrats, an enforcement mechanism involving state attorneys general had been a red line. "We need the state attorneys general to also have the power to prosecute if the Department of Justice refuses to," said Maryland Sen. Angela Alsobrooks, among the Democrats seen as vital swing votes on Tuesday. "I have been very clear about the fact that I will not vote for any legislation that does not cover ethics," she said. Presidents aren't always covered by federal ethics laws Presidents have often been exempt from federal conflict-of-interest laws, though some other modern presidents voluntarily put assets in blind trusts. While Cabinet officials subject to the laws can recuse themselves or divest holdings to address specific issues under their jurisdiction, it was seen as much more difficult for presidents who oversee the entire government to do the same. A measure enacted into law last year regulating stablecoins, a type of cryptocurrency, barred members of Congress and their families from profiting off them, but it did not extend to Trump or his family. "It is true that conflict-of-interest provisions do not commonly apply to the president because of their whole-of-government responsibilities," said Lisa Gilbert, co-president of the government watchdog group Public Citizen. "That said, we have seen such unprecedented corruption and conflict of interest from this administration and Trump in particular, that we need a different rubric." The White House has maintained that the president stays out of family business decisions administered by his sons. Trump is a relatively recent convert to crypto In his first term, the president said that he was "not a fan" of cryptocurrency, saying it was "highly volatile and based on thin air." But Trump has since become a convert, persuaded by his sons' interest in the business - and by its appeal to Black voters and younger voters, who could play a crucial role in close campaigns. Crypto has served as more than just a political boon for Trump. The $1.2 billion in Trump's crypto revenues also included more than $600 million from sales of souvenir-type "meme" coins stamped with his face through the crypto business CIC Digital LLC. Last May, the president hosted top investors in his $TRUMP meme coin for a dinner at his northern Virginia golf club, an example of how Trump was mixing his presidential duties with his business ventures despite the White House saying Trump attended the event "in his personal time.