Senate Clarity Act Amendment Would Bar President, Federal Officials From Issuing Crypto
Summary
- The Clarity Act amendment includes a provision barring federal officials, including the president, from issuing or endorsing cryptocurrencies.
- The amendment also includes a provision restricting the president from profiting from cryptocurrencies.
- The Clarity Act is regarded as the first major bill to comprehensively regulate cryptocurrencies in the U.S.
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An amendment to the Clarity Act being considered by the U.S. Senate would bar federal officials, including the president, from issuing or endorsing cryptocurrencies.
CNBC reported on July 22 that Republicans had unveiled the amendment. It also includes a provision to restrict the president from profiting from cryptocurrencies.
The Clarity Act is regarded as the first major bill to comprehensively regulate cryptocurrencies in the U.S.
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