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The CLARITY Act adds for the first time a provision restricting the president and officials from profiting through crypto assets
Republican lawmakers updated the text of the bill on Wednesday. For the first time, it adds provisions that restrict the president from profiting through crypto assets, and the relevant rules would apply to the president and other federal officials.
The “CLARITY Act” is intended to be the first comprehensive U.S. legislation to regulate the digital asset market, and it is still under consideration in the Senate.