Trump-Supported Crypto Ethics Rules Enforced by Justice Department, Prohibiting Federal Officials from Issuing Coins

President Trump’s newly signed crypto ethics provisions have been approved, prohibiting federal officials (including members of Congress, the President, and the Vice President) from issuing digital assets, with the Justice Department serving as the primary enforcement agency. This arrangement has sparked controversy among Democrats, with Maryland Democratic Senator Angela Alsobrooks stating that it is an unserious proposal for the Justice Department to enforce ethics provisions, and she would not support the bill if the final text remains as such. This provision is the last hurdle for the passage of the Clarity Act, with contentious points including Trump’s own meme coin and his family company, World Liberty Financial, which disclosed financial reports last month showing that Trump received millions of dollars in related income from WLF. The White House has not confirmed the specific wording of the provisions but stated that it is working with lawmakers to push the bill through and will place the blame for any obstruction on the Democrats.

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