US Senate Bill Bars President and Federal Officials from Issuing Digital Assets
2026-07-23 00:05

Woofun AI reports that the U.S. Senate is reviewing the "CLARITY Act," which now includes a provision prohibiting the President and other federal officials from issuing or promoting cryptocurrencies and digital assets. Republican senators updated the bill text on Wednesday, introducing restrictions aimed at preventing federal officials from profiting through crypto assets. This update marks the first instance of such limitations being included in major U.S. legislation for comprehensively regulating the digital asset market. Specific implementation details and the scope of application for this provision have not yet been announced.

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