The Senate just unveiled the CLARITY Act — a sweeping crypto ethics bill that would ban all federal officials, including the President, from issuing or sponsoring digital assets until January 2029. It’s the most comprehensive ethics rule ever for public servants, covering employees and even their spouses, while blocking crypto platforms from listing assets tied to officials. Though it excludes children of officials, the law aims to eliminate conflicts of interest with real penalties enforced by the Attorney General. While some lawmakers question the enforcement mechanism and the bill still needs Democratic backing, the Senate plans to vote on it soon — and beyond ethics, it also seeks to overhaul market regulation and combat illicit finance, potentially reshaping the entire digital asset industry.
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