CLARITY Act: Trump Backs Digital Asset Ethics Rules
CLARITY Act ethics provisions backed by President Trump force federal officials to divest digital assets or use blind trusts, with $500,000 penalties and exchange bans under new crypto regulations.
SourceAnalysis
Under CLARITY Act crypto regulations backed by President Trump, covered federal officials must divest significant digital-asset holdings or place them in qualified blind trusts, with digital asset ethics rules empowering state attorneys general to ban officials from issuing or holding such assets and barring exchanges from listing violative tokens, carrying penalties of the greater of 20% transaction value or $500,000 under this Trump backed crypto bill that takes effect within 360 days.
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