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Democratic Opposition to Clarity Act Grows in Crypto Bill’s Do-or-Die Final Weeks

Democratic Opposition to Clarity Act Grows in Crypto Bill’s Do-or-Die Final Weeks

In brief

  • Senate Democrats are ramping up opposition to the Clarity Act, demanding ethics rules barring President Trump and his family from profiting off crypto.
  • With less than four weeks before Congress’ August recess, the bill faces a narrowing window to pass this year.
  • The legislation will need at least seven Democratic votes in the Senate, if not more, making bipartisan support critical.

Key Senate Democrats have begun mounting an impassioned case against passage of the Clarity Act in its current form, as the sprawling crypto bill enters a climactic final hurdle.

On Monday, Sen. Elizabeth Warren (D-MA) wrote a letter urging Senate leadership to ensure the Clarity Act includes language barring President Donald Trump and his family from…

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