Senate Crypto Bill Would Bar Officials' Tokens
The Senate has unveiled a sweeping rewrite of the House-passed Digital Asset Market Clarity Act that would expand federal regulation of cryptocurrencies and other digital assets while also prohibiting presidents and other federal officials from issuing or sponsoring digital assets.
Senate Republicans released updated bill text Wednesday even as bipartisan negotiations have yet to produce a final agreement.
The nearly 620-page substitute expands upon the House bill, which passed in July 2025 with broad bipartisan support. It adds anti-money laundering, banking, ethics, consumer protection, and law enforcement provisions drawn from several previously introduced Senate proposals.
The ethics provision stipulates that federal officials “shall not, in exchange for consideration,” “issue a digital asset,” or “sponsor a digital asset” while serving as a public employee.
The prohibitions would apply to public officials, employees, and their spouses and would sunset in 2029. The language also bars crypto companies from listing assets that are “issued” or “sponsored” by federal officials in violation of the provision.
Sen. Bernie Moreno, R-Ohio, one of the measure’s supporters, told CNBC that President Donald Trump signed off on the ethics section of the bill.
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