Wire · regulatory
Senate Republicans Release CLARITY Act Text, Barring US Federal Officials From Issuing ...
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Fusion42 · 22 July 2026 · Fusion42 review
Senate Republicans released the CLARITY Act text, which bars US federal officials—including the president—from issuing or sponsoring digital assets until 2029, with ethics provisions expiring and enforcement via the Justice Department. The temporary ban applies to Trump's crypto ventures during his term, though children of officials are excluded and blind-trust safe-harbour procedures are included.
This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it.
◆ ◆ The Wire takeaway
If you're building a crypto project that needs government adoption or Federal Reserve involvement, you've just lost the fastest path to legitimacy for three years. The ban expires 2029, but the blinds-trust carve-out signals that institutional players—not startups—get to play.
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2 sources · 22 Jul 2026
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