Senate crypto bill would ban presidents and federal officials from issuing digital assets

Senate Republicans updated the Digital Asset Market Clarity Act to ban presidents and federal officials from issuing digital assets, with penalties up to $250,000 daily enforced by the DOJ. The bill cleared committee in May and faces a Senate vote within weeks, with enforcement authority between DOJ and state attorneys general remaining the central dispute.

This Wire brief sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.