Clarity Act: Senate GOP Releases Crypto Ban Text
Clarity Act text from Senate Republicans bars president, officials from crypto promotion, mandates blind trusts and $1,000 disclosures through 2029.
SourceAnalysis
Senate Republicans released updated Clarity Act text negotiated with the White House that bars the president, vice president, Congress members, judges and spouses from issuing or promoting crypto for money while in office, with the prohibition set to expire January 20, 2029; officials must sell holdings or place them in blind trusts and disclose sales above $1,000, while the DOJ gains authority to sue exchanges listing banned tokens amid Democratic pushback on exclusive enforcement power.
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