Clarity Act Text Is Out: What Does It Say?

Senate Republicans released the long-awaited Clarity Act text on Wednesday, adding strict new ethics rules that bar public officials—including the President—from issuing or sponsoring digital assets during their time in office.

The 616-page amendment in the nature of a substitute to H.R. 3633 delivers the first comprehensive federal framework for digital asset markets while addressing Democratic demands for conflict-of-interest protections.

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