Trump-backed crypto ethics provisions proposed to ban federal officials from issuing digital assets; the Department of Justice may become the primary enforcement agency

TechFlow news, July 22, according to The Block, US President Trump has agreed to a new crypto ethics provision that aims to prohibit federal officials such as the president, vice president, and members of Congress from issuing digital assets, with the US Department of Justice responsible for primary enforcement rather than state attorneys general. This provision has become one of the key contentious points in the advancement of the Clarity Act, with Democrats opposing sole enforcement by the Department of Justice, believing the arrangement lacks sufficient checks and balances. The background of the controversy also involves discussions regarding conflicts of interest triggered by Trump meme coins and his family's crypto businesses.