A revised crypto ethics provision signed by President Donald Trump and approved as part of the legislative process would bar federal officials — including members of Congress, the president and the vice president — from issuing digital assets, according to The Block. The measure would place primary enforcement authority with the U.S. Department of Justice rather than state attorneys general, a structure that has drawn criticism from Democrats. Maryland Democratic Senator Angela Alsobrooks called the idea of DOJ enforcement “not a serious proposal” and said she would not support the bill if that language remains in the final text. The provision is described as the last major hurdle for passage of the Clarity Act. Debate around it has centered on Trump’s own meme coin and World Liberty Financial, a company tied to his family. A financial disclosure released last month showed Trump earned millions of dollars in related income from WLF. The White House did not confirm the precise wording of the provision, but said it is working with lawmakers to advance the bill and blamed Democrats for holding it up.
A revised crypto ethics provision signed by President Donald Trump and approved as part of the legislative process would prohibit federal officials from issuing digital assets, according to The Block. The restriction would apply to members of Congress, as well as the president and vice president.
The provision would also make the Department of Justice the main enforcement authority, instead of state attorneys general. That structure has become a point of conflict for Democrats.
Maryland Democratic Senator Angela Alsobrooks said, “Having DOJ enforce ethics provisions is not a serious proposal.” She added that if the final text keeps that language, she will not support the bill.
The Clarity Act still faces a final hurdle
The provision is described as the last obstacle to passage of the Clarity Act. The dispute has focused on Trump’s own meme coin and World Liberty Financial, a company tied to his family.
A financial disclosure released last month showed that Trump received millions of dollars in related income from WLF.
The White House did not confirm the exact wording of the provision, but said it is working with lawmakers to move the bill forward and blamed Democrats for the holdup.
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