U.S. Senate Republicans unveiled a revision to the digital asset market structure bill known as the Clarity Act that includes an ethics provision banning the president and all federal officials from issuing or sponsoring tokens until 2029. The draft also restricts crypto platforms from listing assets issued or backed by federal officials. Enforcement would be handled by the Justice Department. The bill’s Senate prospects remain uncertain and would require some Democratic support.

Pakistan has set up a dedicated investigation unit to respond to crypto-related financial crimes such as money laundering and terror financing. The Federal Investigation Agency placed the unit under the newly launched National Command and Control Centre, which consolidates financial crime functions. While the unit investigates criminal misuse, the Pakistan Virtual Assets Regulatory Authority oversees market regulation and operator supervision. Pakistan is also reviewing exchange licensing, tokenisation and cross-border stablecoin use, while religious debate remains a variable.