Topic
Rules and norms governing conflicts of interest, financial disclosure, and misuse of public office by government officials and employees.
Two days before a procedural vote that decides only whether the Senate proceeds at all, the open items on the CLARITY Act are ethics limits on officials' crypto income and how stablecoin yield gets regulated.
Reality
Gavin Newsom signed AB 2409, barring platforms from offering Californians new memecoins tied to federal, state or local officials from January 1, 2027. The rule covers officials far beyond California's own, so exchanges now have to know who stands behind each launch.
Reality
Fifty-three former federal prosecutors told a federal court that firms paying up to $100,000 a month for early Truth Social posts may face criminal liability. No one has been charged, but each subscriber's $1.2 million-a-year seat is now a compliance question.
Reality
Bloomberg counts about 80 trades a market day since Trump returned to office, more than every member of Congress combined. The criminal conflict statute that would bind a Treasury secretary exempts the president, so the periodic filings are the whole record.
Reality
Both of the CFTC's event-contract settlements began as Kalshi referrals, so the exchange is now funding securities-style trade surveillance in the same week the Ninth Circuit declined to shield it from Nevada gambling law.
Perspective Coverage
3 publishersReality