POLITICSCOINTELEGRAPH
US officials barred until 2029 from issuing or sponsoring tokens under CLARITY’s proposed ethics rules
US officials will be barred until 2029 from issuing or sponsoring tokens under CLARITY’s proposed ethics rules. Senator Cynthia Lummis stated the ethics language would apply to US presidents’ crypto ventures, including Donald Trump’s.
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Adjacent reporting
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- Trump-backed crypto ethics rule puts DOJ in charge of enforcement, prohibits federal officials from issuing cryptocurrencies
- Trump’s crypto ethics stance leaves Clarity Act negotiations in limbo
- Trump claims he can ‘future proof’ crypto regulation with CLARITY Act
- Crypto regulatory text expected to be released Thursday does not have Senate Democrat support