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Elizabeth Warren criticizes Clarity Act draft for ethics gaps
Warren alleges the draft would not prevent President Donald Trump from profiting from crypto, while X users point to added ethics provisions barring officials from issuing or sponsoring digital assets.
Democratic Senator Elizabeth Warren attacked a draft of the Clarity Act, arguing it could make it easier for criminals and cartels to move money through crypto while failing to protect investors and the broader financial system.
In a video statement on X, Warren suggested the updated bill has a “glaring omission,” saying it does not stop President Donald Trump from cashing in on digital assets during his presidency.
The article says lawmakers are circulating the latest version of the Senate GOP crypto bill with an aim to set digital asset regulation, and it notes Warren also criticized the bill’s investor protections.
X users responded to Warren by highlighting that the updated draft includes ethics provisions intended to ban federal officials from issuing or sponsoring digital assets, the article adds, as Senate Republicans work toward a possible floor vote.