Trump-Backed Ethics Rule Bans Federal Officials from Issuing Cryptocurrencies

A new ethics provision backed by former President Trump aims to restrict federal officials from issuing cryptocurrencies while in office.

This rule is part of the CLARITY Act, a digital asset market-structure bill, and will be enforced by the Department of Justice (DOJ).

The move reflects a shift towards focusing on fraud and criminal facilitation rather than regulatory violations, potentially smoothing the path for the CLARITY Act's passage.