Clarity Act Revised with Stricter Ethics Provisions for US Officials

The Digital Asset Market Clarity Act has been revised to include stricter ethics provisions, which would bar U.S. President Donald Trump and other senior government officials from issuing a digital asset or sponsoring one unless under certain conditions.

The new draft of the bill, released publicly on Monday, contains language that forces divestiture of crypto interests and allows state attorneys general to bring lawsuits to enforce the ethics provision.

The revised text includes civil penalties for issuers and allows state attorneys general to bring lawsuits to enforce it. The sunset provision for enforcement has also been removed.