A bipartisan counteroffer for ethics language in a major cryptocurrency bill would force President Donald Trump and other federal officials to divest any ownership stake in a digital asset company if it is worth more than $1 million and represents 10 percent or more of the firm’s value, according to three people with knowledge of the language who were granted anonymity to discuss private negotiations.
The restriction applies to ownership stakes in firms that obtain most of their revenue from issuance or sponsorship of digital assets, the people said.
The offer for ethics language in the crypto bill was sent to the White House last week by Sens. Thom Tillis...
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