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Senate Bill Proposes Ban on Federal Officials Issuing Crypto, Faces Opposition Over Ethics
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Senate Bill Proposes Ban on Federal Officials Issuing Crypto, Faces Opposition Over Ethics

The U.S. Senate is considering updated legislation, the Clarity Act, to ban federal officials, including presidents, from issuing or sponsoring cryptocurrencies. The bill, sponsored by Sen. Cynthia Lummis, faces opposition from some Democrats who argue its ethics provisions, enforced by the DOJ, are too weak, especially concerning former President Trump's crypto ventures.

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