Trump Signs Off on Crypto Ethics Rule, DOJ Takes Enforcement Reins

President Trump has agreed to include ethics language in the Clarity Act that would bar senior federal officials from issuing cryptocurrencies or digital assets. This provision, confirmed during a White House industry call with crypto adviser Patrick Witt, would prohibit members of Congress, Donald Trump, and the vice president from issuing cryptocurrencies while in office.

However, the enforcement structure has become the main sticking point. The proposal calls for giving authority to the Justice Department instead of state attorneys general. This decision is already drawing pushback, and its impact could extend beyond Bitcoin.

Sen. Angela Alsobrooks, a key Clarity Act negotiator, dismissed the proposal as 'unserious.' She pointed to Trump's memecoin holdings and reported World Liberty Financial income as reasons why federal self-policing would not be enough.