Could New Crypto Legislation Threaten Trump’s Profits? Probably Not, Democrats Say

Could New Crypto Legislation Threaten Trump’s Profits? Probably Not, Democrats Say

T
Jul 24, 2026

Republicans released a new draft of the Clarity Act on Wednesday including an ethics clause banning public officials from issuing or sponsoring cryptocurrencies, but critics are already pointing out ways the language could be insufficient at stopping President Donald Trump from profiting through crypto deals.