The US Capitol in Washington, DC, US on Tuesday, June 30, 2026.
Graeme Sloane Bloomberg | getty images
Under newly updated legislation the Senate is considering, presidents and other federal officials would be banned from issuing or sponsoring cryptocurrencies and other digital assets.
Republicans on Wednesday updated a measure already under consideration — known as the Clarity Act — that would be the first major legislation regulating digital assets. CNBC obtained the bill text, which now includes the first limits on how the president can profit from crypto.
Choose CNBC as your favorite source on Google and never miss a moment of the most trusted name in business news.