The Senate Republicans released an updated version of the Clarity Act on Wednesday, a document that for the first time contains a set of laws prohibiting the president, vice president, members of Congress, federal judges, and other covered officials from providing or supporting digital assets.
New Clarity Act wordsposted after a morning call with stakeholders, it adds a section titled “Prohibition on the sale of certain digital products.” It states that a covered person “shall not exchange ideas,” provide or support digital assets, a ban that extends to public officials and employees during their work, as well as their spouses.
A companion order prohibits the listing of any digital content found to have been provided or sponsored by a person who has been paid in violation of this order.
The bill provides a safe harbor. A covered person may avoid violation by placing a direct interest in a digital asset in a blind, divested, or both group, in accordance with procedures that comply with the fair dealing rules under section 208 of title 18.
Some recording protects the continued use of a person’s name, image, or likeness that the donor or intermediary used before the person entered the classifieds.
The ethics package has an expiration date. Under this document, these provisions will not be effective at noon on January 20, 2029, and no one will be penalized after sunset for doing so on or before sunset. The time coincides with the end of the current president.
The Clarity Act deals with President Trump’s crypto initiatives
The ethical language responds to the debate that has lasted for several months on the Clarity Act of President Trump, whose financial disclosure in July is linked to about $ 1.4 billion in 2025 funds through the $ TRUMP symbol and World Liberty Financial.
Eleanor Terrett report The package was negotiated between the White House and Republican Senators Cynthia Lummis and Bernie Moreno, and that it does not carry a Democratic signature.
Democrats on the Banking Committee pushed for anti-interest laws, and the change of bar authorities from crypto relations failed on May mark the Clarity Act.
Beyond ethics, industry sources say the Blockchain Regulatory Certainty Act remains in flux from a committee version. BRCA believes that non-conservative manufacturers and infrastructure providers It’s not what sends money to build or maintain a fixed network, the security that companies have pushed to save.
Updated information
The Lummis-Grassley Amendment criminalizes anyone who “knowingly” supports an illegal activity, and the Keep Your Coins Act protects the right to privacy.
The stablecoin-yield segment has the Tillis-Alsobrooks agreement: the prohibition of interest paid on inactive banks-stablecoin, and the possibility of rewards associated with events such as sales or declines, as long as the rewards do not act as interest on the bank’s share.
A new section of the Clarity Act creates a tool for working. They raise money for the government and in the area of ​​crypto research and blockchain analytics, establish training for police and prosecutors, create a “Cyber ​​center” against state-state actors such as North Korea and Iran, and create a public-private group on fraud.
It also requires stablecoin issuers to follow legal regulations for freezing, confiscating, burning, and reissuing tokens.
The term has bankruptcy protection that treats the customer’s assets as the customer’s assets instead of part of the failed company, a rule that will eliminate some of the loss of the FTX type.
The 616-page document came from Republicans, and lacks Democratic support at this point.
Senator Lummis he thanked “Democrat friends for their important contributions” and expressed their commitment “to achieve an agreement in the coming days that will allow this law to become law.” Majority Leader John Thune plans to vote on the floor in the coming weeks.
The release creates pressure to move the Clarity Act. The House passed its vote in July 2025 on a 294-134 vote, and the measure he has waited in the Senate ever since.
Senate Banking Committee advanced his proposal in a 15-9 vote in May. Coinbase and other companies to be pushed away before the August recess, Finance Secretary Scott Bessent made an effort “1-yard line,” and Trump pressed the room to take action.
