Trump Agreed to Crypto Ethics Rules, Then Put His Own DOJ in Charge of Enforcing Them
The CLARITY Act's new ethics language bars federal officials from issuing tokens, but routes enforcement through a Justice Department currently run by Trump's former defense lawyer. Sen. Angela Alsobrooks already called it "unserious." The enforcement fight, not the ban, is what decides this bill.
After months in which the ethics provision was the reason the Digital Asset Market Clarity Act couldn't move, President Trump agreed to one late on July 20, and the White House circulated the language to a group of Senate Republicans that afternoon. Read quickly, that's the breakthrough the industry has waited two years for. Read carefully, it's a concession engineered to concede as little as possible and the mechanism it chose for enforcement may be the thing that keeps the seven Democratic votes it needs out of reach.
What Trump actually agreed to
According to The Block, whose reporting surfaced on a Tuesday industry call with...
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