DOJ to Enforce Crypto Ethics Ban on Federal Officials Issuing Tokens
2026-07-22 07:57

Woofun AI reports that a revised cryptocurrency ethics clause, approved by President Trump, explicitly prohibits federal officials, including members of Congress and the Vice President, from issuing digital assets. The Department of Justice is designated as the primary enforcement agency, replacing state attorneys general in this role. This provision represents the final hurdle for the Clarity Act's passage.

Maryland Democratic Senator Angela Alsobrooks criticized the enforcement mechanism, stating that having the DOJ enforce the clause is "not a serious proposal" and vowed not to support the bill if the text remains unchanged. The controversy centers on potential conflicts of interest regarding Trump's meme coin and World Liberty Financial, which reported millions in related income last month. The White House declined to confirm specific wording but stated it is collaborating with lawmakers to advance the legislation, attributing any delays to Democratic obstruction.

Disclaimer: Views are the author's own and do not represent the platform. Do not reproduce without permission. Content is for reference only, not investment advice. Trade at your own risk.
Tags:
Trump
Angela Alsobrooks
World Liberty Financial
WLF
Share:
back