- United States
- Colo.
- Letter
I am a constituent who lives in Denver. PLEASE VOTE AGAINST CLOTURE for the Clarity Act. It …”would narrow the authority of the Securities and Exchange Commission over digital assets and give authority over crypto to the Commodity Futures Trading Commission.
This means investors will be shafted and the public will be left in the dark because of the lack of disclosures, the absence of fiduciary obligations, and the deficiency of investor safeguards. All these would apply under federal securities law, but none of these exist under laws governing futures contracts.” There is no reasonable scenario in which this act benefits anyone other than the Crypto industry ( which has already provided untold millions to the president and his family in dubious gains). Crypto will not deliver the benefits its lobbyists tout, and this bill will make governance and control over the industry that much more difficult. PLEASE DEFEAT THIS MEASURE! Thank you