But the 2026 midterm election is coming up quite soon — Nov. 3, so less than four months from now — and lawmakers will have to face their own base and flanks after they break for the summer recess and go into the final campaign swing.

That means that U.S. President Donald Trump and the $1.4 billion he made off crypto will be a key factor in the floor vote. More specifically, if there isn’t an ethics provision, it’s unlikely that sufficient Democrats will vote for the bill in the Senate. If the text that drops next week doesn’t even include a placeholder to address the ethics portion, that may even be counterproductive to getting full bipartisan support for the bill, an individual said.

That means that Trump will still need to sign off…