US officials barred until 2029 from issuing or sponsoring tokens under CLARITY’s proposed ethics rules
Summary
Senate Republicans released the 616-page CLARITY Act, adding strict ethics rules that would bar all U.S. federal officials, their spouses, and crypto platforms tied to them from issuing or sponsoring digital assets. The temporary ban would last until Jan. 20, 2029 and would include President Trump, despite his crypto business interests. Enforcement would mainly fall to the U.S. attorney general. Democrats say strong ethics language is essential and may block the bill without it, while supporters argue the package also improves disclosure, illicit-finance rules, and spot-market regulation. Senate Majority Leader John Thune may bring it to a vote next week, but it still needs 60 votes to advance.
