Senate Republicans expanded the CLARITY Act by adding ethics provisions alongside digital asset market reforms. The revised draft would prohibit senior government officials, including the President, Vice President, Members of Congress, federal judges and their spouses, from issuing or sponsoring digital assets for compensation. Covered officials must divest crypto holdings or place them in blind trusts until January 20, 2029, with violations subject to penalties of up to $250,000 per day. In 2025, public financial disclosures revealed more than $1.4 billion in crypto-related income, fueling the debate over conflicts of interest. Democrats argue the draft still contains significant loopholes regarding enforcement and accountability.
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