US Senate Considers Updated CLARITY Act to Bar Federal Officials from Crypto Profits
The US Senate is reportedly considering an updated version of the CLARITY Act that would prohibit presidents and other federal officials from issuing, sponsoring, or profiting from cryptocurrencies and digital assets.
Lawmakers in the US Senate are reviewing an updated draft of the CLARITY Act, which aims to restrict federal officials—including the president—from issuing, sponsoring, or personally benefiting from cryptocurrencies or other digital assets. The measure would impose new ethical limits on government participation in the digital asset space.
The legislation focuses on preventing conflicts of interest among high-ranking officials. No further details on the bill's provisions or timeline have been released, but the move signals continued regulatory scrutiny in Washington.
Source: Cointelegraph