Violations would carry daily penalties up to $250,000, enforceable by the Department of Justice, under a revised Digital Asset Market Clarity Act released July 22 by lead sponsor Sen. Cynthia Lummis (R-WY). The prohibition covers the President, Vice President, members of Congress, federal judges, and their immediate family members — barring them from issuing or sponsoring digital assets for pay while in office — with the provision set to expire on January 20, 2029. The revision also added a law enforcement section with investigative funding and stablecoin seizure powers; developer protections, the stablecoin yield compromise, and bankruptcy safeguards for customer assets carried over unchanged from prior drafts. The bill passed the House 294–134 in July 2025 and the Senate Banking Committee 15–9 in May 2026, but must still clear a 60-vote Senate filibuster threshold, requiring seven to nine Democratic votes; Democrats have said the DOJ enforcement designation — not the ethics language itself — is their remaining sticking point. Fewer than three weeks remain before the Senate scatters for its state work period on August 10.