Press Release | May 11, 2026

Democracy Defenders Action demands immediate action during markup to prevent officials from regulating markets in which they hold financial stakes.

WASHINGTON, D.C.—Lawmakers on the Senate Banking Committee have the opportunity to strengthen the regulatory framework for crypto markets, also known as the CLARITY Act, at an upcoming markup hearing scheduled on May 14. Ahead of the hearing, Democracy Defenders Action submitted a letter to the Committee last Friday, calling for immediate action to address urgent and unresolved conflicts of interest in government oversight of the crypto industry. The…