President Donald Trump agrees to state enforcement provision in revised Clarity Act

  • President Donald Trump agreed to ethics language enabling state attorneys general to sue over covered violations.
  • $1.4 billion to $2.2 billion in cryptocurrency-linked income appeared in Trump’s financial disclosures.
  • The final draft included more than 126 changes requested by Senate Democrats.

President Donald Trump has agreed to ethics language in the Digital Asset Market Clarity Act allowing state attorneys general to sue over violations involving federal officials and digital assets. The provision subjects the president to potential state-level enforcement, addressing Senate Democrats’ concerns that the Justice Department alone could not independently police Trump’s crypto activities. The final draft, released on September 14, 2026, incorporated more than 126 changes requested by Senate Democrats. It bars covered federal officials, including the president, from issuing or sponsoring digital assets for compensation while in office, but does not require divestment from existing holdings; the restriction expires in January 2029. Trump’s financial disclosures reported between $1.4 billion and $2.2 billion in cryptocurrency-linked income from ventures including the TRUMP memecoin and World Liberty Financial. The bill also divides regulatory responsibility between the Commodity Futures Trading Commission and the Securities and Exchange Commission. It now requires 60 Senate votes, while prediction-market pricing previously put its signing odds at 21.5%, up from 14%.

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