US officials barred until 2029 from issuing or sponsoring tokens under CLARITY’s proposed ethics rules
CoinTelegraph·
60-second summary
US officials, including future presidents, are barred from issuing or sponsoring tokens under CLARITY's proposed ethics rules until 2029. Senator Cynthia Lummis, a bill advocate, confirms this language would apply to presidents' crypto ventures, including Donald Trump's. This restriction aims to prevent potential conflicts of interest in the burgeoning crypto industry, maintaining regulatory integrity.
According to Senator Cynthia Lummis, one of the bill’s advocates, the ethics language would apply to US presidents’ crypto ventures, including Donald Trump’s.