Market news

US Senate Updates CLARITY Act to Ban Crypto Promotion by Federal Officials

24 Jul 2026· CLOM Newsroom· CLOM· 1 min readREGULATION

The US Senate has revised the CLARITY Act, which now bans presidents and federal officials from issuing or promoting their own cryptocurrency assets.

This update marks the first time that federal officials are restricted from profiting from crypto projects, aiming to enhance regulatory oversight.

Reporting aggregated and summarized by CLOM — research & education, not financial advice.

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