During my eight years as Mayor of Philadelphia, I learned that real leadership means standing up for working people and keeping the playing field fair. In a town like Philly, if a neighborhood corner store or a local contractor tried to write their own health codes or manipulate the city’s licensing system to line their own pockets, they’d be shut down before lunch. But right now in Washington, the United States Senate is preparing to vote on cryptocurrency legislation that effectively gives powerful special interests the permission to rewrite the financial rulebook for their own gain.

The CLARITY Act arrives on the Senate floor as a wolf in sheep’s clothing. It is an industry-backed handout that lacks meaningful public-integrity or…