Clarity Act Draft Adds Ethics Clause Banning Officials From Issuing Personal Crypto

New US Senate draft merges banking and agriculture versions, introducing a first-of-its-kind ethics clause prohibiting senior officials from sponsoring or issuing personal cryptocurrencies.

Woofun AI reports that a US Senator has unveiled an updated draft of the Digital Asset Market Clarity Act. This version consolidates prior proposals from the Senate Banking Committee and the Senate Agriculture Committee while introducing a novel ethics provision. The clause explicitly forbids senior government officials from sponsoring or issuing their own cryptocurrencies. The legislation has not yet advanced fully, leaving bipartisan support for these key provisions uncertain.