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

Senate Republicans released an updated Clarity Act draft that bans covered officials, including the president and Congress members, from issuing or sponsoring digital assets. The provisions expire on January 20, 2029, aligning with the end of the current presidential term, and include exceptions for blind trusts or divestment. The draft addresses concerns over President Trump's crypto ventures, including the $TRUMP token and World Liberty Financial.