CLARITY Act nearly banned crypto assets for officials, but spared adult children
- —The ownership threshold for mandatory sale or blind trust was $15,000
- —Officials' spouses were covered by the restriction, adult children were not
- —Commerce Secretary Howard Lutnick transferred Cantor Fitzgerald stakes to his adult children's trusts
- —Trump's crypto project income in 2025 exceeded $1.4 billion
Why it matters: The rule sets a template for future U.S. crypto laws: how to draw the line between an official's assets and those of their family.
Source: CryptoSlate