Congress Wants To Ban Federal Officials From Issuing Crypto. Here's What's In The Bill
The measure targets conflicts of interest by barring officeholders and their families from issuing or sponsoring digital assets while in office.
- Federal lawmakers introduced legislation prohibiting senior government officials and their immediate family from issuing or sponsoring digital assets while in office, addressing potential conflicts of interest in Washington.
- Concerns over elected officials benefiting from digital asset ventures prompted the proposal, building on the 2025 End Crypto Corruption Act that Senate Democrats introduced to restrict investment and endorsement activities.
- Congress has spent two years debating stablecoin and market structure legislation, while federal agencies including the Securities and Exchange Commission and Commodity Futures Trading Commission continue asserting oversight authority over United States cryptocurrency markets.
- Market data shows COIN trading 12.7% above its 20-day SMA and 4.6% above its 50-day SMA, though shares remain 19.1% below the 200-day SMA, indicating the broader recovery remains unconfirmed.
- Neither congressional leaders nor federal regulators have indicated when this ethics measure might reach a committee vote, continuing a pattern seen earlier this year when the Senate restricted the Federal Reserve from issuing a central bank digital currency through 2030.
15 Articles
15 Articles
Congress Wants To Ban Federal Officials From Issuing Crypto. Here's What's In The Bill
Federal lawmakers have introduced legislation that would prohibit senior government officials and their immediate family members from issuing or sponsoring digital assets while serving in office.
Senate Crypto Bill Would Bar Officials’ Tokens
The Senate has unveiled a sweeping rewrite of the House-passed Digital Asset Market Clarity Act that would expand federal regulation of cryptocurrencies and other digital assets while also prohibiting presidents and other federal officials from issuing or sponsoring digital assets. Senate Republicans released updated bill text Wednesday even as bipartisan negotiations have yet to produce a...
The House of Representatives is due to vote on Wednesday a bill that would prohibit Congressional members from buying individual actions during the term of office, while the Senate separately examines a proposal that would prohibit the President and other federal officials from issuing or promoting cryptocurrencies and other digital assets, CNBC submits.
Coinbase Stock Soars as Bitcoin Rises on Clarity Act Momentum - Coinbase Global (NASDAQ:COIN)
Coinbase shares are surging Tuesday as Treasury Secretary Scott Bessent's comments about the Clarity Act's imminent passage ignited fresh optimism across the crypto market.
New CLARITY Act update bans officials including presidents from issuing or even holding crypto tokens
On July 22, US Senate Republicans released an updated version of the CLARITY Act, moving one of Washington’s most consequential cryptocurrency bills back toward a potential floor vote. The updated text follows weeks of negotiations and seeks to establish a broad federal market-structure framework for digital assets in the United States. The proposal addresses several disputes that have complicated its path through Congress, including ethics rest…
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