Crypto Bill Faces Democratic Backlash over New Ethics Rules

Blumenthal Blasts "Trump's Crypto Corruption," Calls For Clearer Clarity Act

While en route to Washington D.C. Monday morning, U.S. Sen. Richard Blumenthal stopped in New Haven to warn that a bill before Congress that would appear to regulate the cryptocurrency market could in fact fall short when it comes to protecting crypto buyers. Blumenthal made that point at a Monday morning press conference outside the federal courthouse at 141 Church St. The presser took place ahead of a forum he planned to host in D.C. on Monday…

Elizabeth Warren Claims Crypto Clarity Act Would Help Trump… And ‘Criminals & Cartels’

Elizabeth Warren Claims Crypto Clarity Act Would Help Trump… And ‘Criminals & Cartels’ Authored by Matthew Di Salvo via BitcoinMagazine.com, Democratic Senator Elizabeth Warren has blasted the Clarity Act draft bill, claiming it would allow criminals and cartels to move money.  Speaking in a video statement on X Wednesday, Warren hinted that the potential law would allow President Donald Trump to make money from crypto.  Lawmakers are currently…

Crypto bill faces Democratic backlash over new ethics rules

Key Senate Democrats are balking at the latest version of a cryptocurrency regulation bill over a White House-approved ethics provision that they argue falls short, complicating the bill's chances of passing in the narrow window before lawmakers leave town next month. Sen. Cynthia Lummis (R-Wyo.), who leads the Senate Banking digital assets subcommittee, unveiled an...

Elizabeth Warren Claims Crypto Clarity Act Would Help Trump... And 'Criminals & Cartels'

Elizabeth Warren Claims Crypto Clarity Act Would Help Trump... And 'Criminals & Cartels' Authored by Matthew Di Salvo via BitcoinMagazine.com, Democratic Senator Elizabeth Warren has blasted the Clarity Act draft bill, claiming it would allow criminals and cartels to move money.  Speaking in a video statement on X Wednesday, Warren hinted that the potential law would allow President Donald Trump to make money from crypto.  Lawmakers are currentl…

The CLARITY Act Bans Officials From Crypto But Trump's Kids Are Off the Hook

The biggest crypto bill in US history just added ethics rules that are supposed to stop politicians from cashing in on the industry they regulate. But whether those rules actually have teeth is a different question. Senate Republicans released the full 616-page CLARITY Act text on July 22, including a section titled “Ban on Certain Digital Asset Transactions.” It bars the president, vice president, Congress members, federal judges, and other off…

Democracy And Transparency Groups Warn About “Dangerous Loopholes” In CLARITY Act

Democracy Defenders Action and Transparency International claimed that the CLARITY Act’s current provisions are not enough to deter top elected and appointed government officials from profiteering in digital assets. The Republican Party released a revised version of the Digital Asset Market CLARITY Act last week. It incorporated several compromises to address the Democratic Party’s ethics concerns on the draft bill’s provisions. However, the GOP…