In brief

• The latest Clarity Act draft bars the president, officials and their spouses from issuing or sponsoring crypto while in office, but the provision sunsets on January 20, 2029, and leaves enforcement to the Justice Department—terms likely to draw Democratic objections.
• The ethics fight centers on Trump’s meme coins and World Liberty Financial, following disclosures that he earned more than $1.2 billion from crypto last year.
• The bill preserves the Blockchain Regulatory Certainty Act, a safe harbor confirming non-custodial developers aren’t “money transmitters.”