Topline
New Trump-approved draft language in the cryptocurrency bill known as the Clarity Act would temporarily ban public officials or employees from issuing or sponsoring cryptocurrencies until 2029—but the new bill still faces steep opposition from Democrats.
New crypto ethics rules for politicians were approved by Republicans, but Democrats object to the Justice Department’s role in enforcing them.
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Key Facts
A new draft of the 600-plus page Clarity Act, obtained by multiple outlets, would enforce new ethics rules on public officials around cryptocurrency—in particular, banning officials, as well as their spouses or employees, from issuing or sponsoring any “digital asset” while they are serving in the role.
The bill…
