Bankless · Friday, July 24, 2026
The White House has reportedly agreed to an ethics package as part of the Clarity Act, which would ban politicians and their spouses from issuing or sponsoring crypto tokens for compensation. However, sources indicate that loopholes exist, such as the exclusion of children of officials and the proposed enforcer being a former Trump lawyer, leading to Democratic concerns.
“So the president, vice president, Congress, judges, and all of their spouses – are banned from issuing or sponsoring tokens for compensation.”
“There was one group of family members that you missed there, David. David. Oh, who's that? That would be the children. The children of an official.”
“So they said, OK, like, fine, but you're you're you're going to under this text, it falls short because you're going to have your attorney general nominee Blanche, who's a current nominee, which used to be Trump's former personal lawyer, be the enforcer of this.”