Democrats push to include presidential crypto ban in market structure bill

Democrats in the U.S. Senate have proposed an amendment to the upcoming Crypto-Asset Market Structure Act (CLARITY) that would address potential conflicts of interest for President Donald Trump, The Block reported. Ahead of discussions in the Senate Agriculture Committee, the proposed provision seeks to prohibit the president, vice president, and members of Congress from conducting financial transactions using digital assets. The move follows a previous Bloomberg report estimating that President Trump has earned around $1.4 billion from crypto-related businesses, including the stablecoin project World Liberty Financial.