CLARITY Act Mandates Trump Divest Digital Assets Or Establish Blind Trust

Senator Lummis confirms the CLARITY Act requires President Trump to divest crypto holdings or use a blind trust, establishing ethical standards for federal officials.

Woofun AI reports that U.S. Senator Cynthia Lummis stated the CLARITY Act explicitly mandates President Trump to divest his digital asset holdings or place them in a blind trust. She argued that some Democratic colleagues prefer allowing consumer losses from exchange collapses as a political stunt ahead of midterms, rather than passing legislation that sets unprecedented ethical standards for the president, vice president, Congress, and the federal judiciary.