New Clarity Act Draft Blocks Trump Family Crypto Until 2029

Lawmakers just dropped a new draft of the Clarity Act, and it brings some strict rules for top government officials. The proposed market structure bill would stop officials and their spouses from issuing digital assets. This means figures like Donald Trump would face a temporary pause on launching new crypto projects.

There is a major catch, however. The ethics ban comes with an expiration date of 2029. On top of that, enforcement of these rules would rest entirely with the Department of Justice rather than financial regulators. On the bright side for builders, the current draft also includes strong protections to shield non custodial developers from liability.

Traders and policy watchers are keeping a close eye on how this bill shapes up as it moves through Congress. The restrictions could set a big precedent for how Washington handles digital assets. We will be tracking the debates on Capitol Hill to see if these ethics clauses survive the final vote.