Trump-backed crypto ethics rule puts DOJ in charge of enforcement, prohibits federal officials from issuing cryptocurrencies: sources
Quick TakeThe ethics language signed on by President Trump would put the DOJ as the chief enforcer of the provision, not state attorneys general, which could become a flashpoint since Democrats have argued for states to have some control.Ethics has been the final hurdle, after many, in getting sweeping crypto legislation, called the Clarity Act, passed into law. Newly approved ethics language signed by President Donald Trump would prohibit federal officials from issuing cryptocurrencies, and would put the Justice Department in charge of enforcing it, not states, which could become a sore spot in trying to pass broader cryptocurrency legislation. Talk of the ethics language came out during an industry call on Tuesday afternoon with White House top crypto adviser Patrick Witt. The language would prohibit federal officials such as members of Congress, the president and vice president from issuing digital assets, three sources told The Block on Tuesday. The language also would put the Justice Department as the chief enforcer of the provision, not state attorneys general, which could become a flashpoint since Democrats have argued for states to have some control, two of the sources confirmed. Crypto In Americas Eleanor Terrett and The Hills Julia Shapero also reported details on the ethics









