The US Senate is advancing a revised version of the Clarity Act that would explicitly prohibit federal officials, including the president, from issuing or sponsoring cryptocurrency and other digital assets.
The updated legislation, introduced by Republicans on Wednesday, marks the first time such limits have been codified in the bill, aiming to prevent conflicts of interest between public office and private digital-asset ventures.
However, the new restrictions create a direct tension with the president's own financial disclosures, which revealed that his cryptocurrency ventures generated more than $1 billion in revenue in 2025.
The move comes as the political landscape around cryptocurrency becomes increasingly intertwined with personal financial interests.
President Donald Trump has publicly urged the Senate to pass the Clarity Act, dedicating the legislative push to the late Senator Lindsey Graham.
However, the new restrictions create a direct tension with the president's own financial disclosures, which revealed that his cryptocurrency ventures generated more than $1 billion in revenue in 2025.
This development represents a significant shift in regulatory posture.