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.
