BlockBeats News, July 22nd - According to multiple sources, the crypto ethics provision signed by Trump will prohibit federal officials, including members of Congress, the President, and the Vice President, from issuing digital assets. It will also designate the Department of Justice as the primary enforcement agency for this provision, rather than state attorneys general. This arrangement could become a new flashpoint in advancing the "CLARITY Act," with Democrats arguing that states should have certain enforcement powers. Maryland Democratic Senator and key negotiator of the bill, Angela Alsobrooks, stated earlier on Tuesday, "Having the Department of Justice enforce the ethics provision? That's not a serious proposal. If that's the language, I would not support the bill." Her concerns about enforcement powers directly address Trump's personal Meme coin and his family company, World Liberty Financial.

The ethics provision has been the final hurdle for the "CLARITY Act" after facing many obstacles in recent months. White House Senior Advisor for Crypto Affairs, Patrick Witt, revealed the details of the ethics provision during an industry conference call on Tuesday afternoon. While the White House has not confirmed the specific text, an official blamed a potential deadlock on the Democrats in an email: "If Senate Democrats continue to obstruct this historic legislation after the government has done everything to accommodate their concerns, the industry should recognize that it is the Democrats who are blocking progress on the bill because they have never taken the legislation seriously." Currently, both sides are negotiating based on the current version, and whether they can reach an agreement before the Senate recess remains uncertain.