New Clarity Act Draft Would Bar Trump and Officials From Issuing Crypto, With a 2029 Sunset

Senate Republicans unveiled a revised Clarity Act draft that prohibits top federal officials and their spouses from issuing or sponsoring digital assets. This ethics ban, which specifically impacts Trump, is temporary and set to sunset in 2029, with enforcement handled by the DOJ. Despite this restriction, the bill preserves key pro-crypto provisions and shields non-custodial developers. The draft's inclusion of these restrictions is currently influencing the overall prospects of the market-structure legislation.