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US officials barred until 2029 from issuing or sponsoring tokens under CLARITY's proposed ...
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Fusion42 · 22 July 2026 · Fusion42 review
Senate Republicans released the CLARITY Act text, which would bar all US federal officials from issuing or sponsoring digital assets until January 2029, with enforcement by the Department of Justice. The temporary ban applies to sitting officials including President Trump but notably excludes their children, and passage requires Democratic support to reach 60 votes.
This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it.
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If you're building in crypto and have federal customers or partners, the ethics framework just shifted: officials can't sponsor your token until 2029, but their children can—and that loophole matters for which businesses will actually get starved of insider backing. The vote is next week; if it passes, you're in a different regulatory regime by August.
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2 sources · 22 Jul 2026
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