The revised CLARITY Act text proposes to prohibit officials such as the President, Vice President, members of Congress, federal judges, and their spouses from receiving compensation for issuing or sponsoring digital assets while in office. The relevant provisions will remain in effect until January 20, 2029.
The Act has not yet started to be enforced because it is not yet an official law.
Based on the information available, enforcement depends on the completion of the remaining legislative process:
· Further legislative voting is still required: Although the revised text has been published, it has not yet been passed by a full vote in the Senate. Senate leadership plans to submit it for a vote “next week,” but disagreements remain between the two parties over provisions such as who has enforcement authority. In addition, it must reach a 60-vote threshold, and with the August recess approaching, the timeline is extremely tight.
· Only after passage can it take effect: Even if the Senate passes it, it still needs to be coordinated with the version from the House of Representatives, and then finally submitted to the President for signature. Current predictions from prediction markets show that the probability of passage in 2026 is only about 34.5%, which is highly uncertain.
Regarding the key provisions:
The prohibition you mentioned—barring the President, Vice President, legislators, federal judges, and their spouses from profiting from issuing or sponsoring digital assets during their terms—has been confirmed as included in the revised text. The ban is temporary and is indeed planned to automatically expire on January 20, 2029 (the start date of the next presidential term).
The Act has not yet started to be enforced because it is not yet an official law.
Based on the information available, enforcement depends on the completion of the remaining legislative process:
· Further legislative voting is still required: Although the revised text has been published, it has not yet been passed by a full vote in the Senate. Senate leadership plans to submit it for a vote “next week,” but disagreements remain between the two parties over provisions such as who has enforcement authority. In addition, it must reach a 60-vote threshold, and with the August recess approaching, the timeline is extremely tight.
· Only after passage can it take effect: Even if the Senate passes it, it still needs to be coordinated with the version from the House of Representatives, and then finally submitted to the President for signature. Current predictions from prediction markets show that the probability of passage in 2026 is only about 34.5%, which is highly uncertain.
Regarding the key provisions:
The prohibition you mentioned—barring the President, Vice President, legislators, federal judges, and their spouses from profiting from issuing or sponsoring digital assets during their terms—has been confirmed as included in the revised text. The ban is temporary and is indeed planned to automatically expire on January 20, 2029 (the start date of the next presidential term).