By Brian Frosh

The Constitution makes clear that the presidency is a position of public trust, not a platform for private profit. In 2017, Maryland and the District of Columbia filed the first-ever lawsuit against a sitting president for violating our nation’s original anti-corruption law: the Emoluments Clauses of the U.S. Constitution. Nine years later, we seem to have entered an era of hyper-grift in the market for cryptocurrency.

Legislation pending in the U.S. Senate (incorporating elements of the House-passed Clarity Act) purports to bring order to the volatile world of digital assets. But the bill as it was recently approved by the Senate Banking Committee would be a gift to those who would use their positions to put their…