US Senate Bill Would Ban President and Top Officials from Issuing Digital Assets
The Clarity Act includes a temporary restriction on federal officials issuing or sponsoring digital assets, with a 2029 sunset provision.
David McBee
A proposed US Senate bill would prohibit top federal officials, including the US president, from issuing or sponsoring digital assets. The legislation, known as the Clarity Act, was unveiled by Senate Republicans.
The ban is described as a temporary measure, with a sunset provision that expires in 2029. This detail was included in one report, while another described the bill as 'first limits' without mentioning the sunset.
The bill would impose restrictions on officials such as the president and other senior federal officers, preventing them from issuing or sponsoring digital assets.
Updates
The Clarity Act has been expanded to include the spouses of top federal officials under its digital asset issuance ban. New provisions also explicitly shield non-custodial developers from regulation, while enforcement of the ethics restrictions is now delegated exclusively to the US Department of Justice. Furthermore, the updated bill confirms the preservation of key pro-crypto measures as part of the broader market-structure framework.
Politics Correspondent · Talivio News
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