Revised U.S. CLARITY Act Bars Senior Officials From Issuing or Sponsoring Digital Assets
Key Takeaways
- •The revised CLARITY Act includes ethics restrictions covering federal elected officials, judges and their spouses.
- •State attorneys general would be able to enforce the restrictions and sue exchanges listing prohibited digital assets.
- •Trump reported more than $1.4 billion in cryptocurrency-related income in 2025, including over $500 million linked to World Liberty Financial.
- •The Senate measure requires 60 votes, with Republicans needing at least seven Democratic or independent supporters if all 53 Republicans vote for it.
- •The bill would create a federal framework defining digital-asset regulation and assigning oversight among federal agencies.

President Donald Trump has agreed to tougher conflict-of-interest restrictions in the latest version of the U.S. Senate’s CLARITY Act, removing a major obstacle ahead of a key procedural vote on the sweeping cryptocurrency bill, according to BitcoinKE.
Senate Republicans released the revised legislation after incorporating 126 substantive changes requested by Democrats. Trump agreed to most of the proposed ethics provisions, including a measure giving state attorneys general a role in enforcing restrictions on public officials’ cryptocurrency activities.
The changes are intended to address concerns about potential conflicts of interest involving Trump, whose family has extensive cryptocurrency interests, while providing Democrats with additional safeguards needed to support the legislation.
Key ethics provisions
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Divestiture or blind trusts: Federal elected officials, federal judges and their spouses would be required to divest significant financial interests in companies that issue digital assets or place those holdings in a blind trust.
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Restrictions on issuing digital assets: Presidents, vice presidents, members of Congress, federal judges and their spouses would be barred from issuing or sponsoring digital assets while in office.
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State enforcement: State attorneys general would receive authority to enforce the ethics provisions alongside the Justice Department.
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Authority to sue exchanges: State attorneys general could sue cryptocurrency exchanges that list digital assets prohibited under the ethics provisions.
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Conflict-of-interest rules: The restrictions would apply to federally elected officials and their spouses, establishing rules specifically intended to prevent public officials from using their positions to benefit from cryptocurrency businesses.
The provisions could potentially require Trump to divest or restructure significant cryptocurrency interests, including holdings connected to World Liberty Financial, the Trump family’s crypto venture. According to financial disclosures, Trump reported more than $1.4 billion in crypto-related income in 2025, including more than $500 million from sales related to World Liberty Financial.
The revised language represents a significant concession after months of negotiations over whether the president and other senior officials should be subject to the bill’s conflict-of-interest requirements.
The Senate is scheduled to hold a procedural vote. The measure requires the support of 60 senators, meaning Republicans would need at least seven Democrats or independents to join them if all 53 Republican senators vote in favor.
That vote would be only the first hurdle. Even if the bill passes the Senate, lawmakers would still need to resolve amendments, secure final passage and reconcile the legislation with the House before the end of the congressional session.
The CLARITY Act would establish a broader federal framework for digital assets, including rules determining which tokens fall under securities or commodities regulation and which federal agencies oversee different parts of the market.
For the cryptocurrency industry, the ethics agreement could be as important politically as the bill’s market-structure provisions. It addresses one of Democrats’ principal objections while imposing new limits on how senior U.S. officials can participate in the digital-asset economy.