- United States
- Pa.
- Letter
Vote no on H.R. 3633, the CLARITY Act, before it comes to the Senate floor. This bill doesn't bring clarity — it dismantles investor protections that have existed since the Great Depression, strips out dozens of state-level consumer fraud laws, and hands the crypto industry a weaker regulator in place of the SEC. Everyday investors lose. The industry wins.
The law enforcement red flags alone should give you pause. The National Sheriffs' Association has warned that Section 604 would actively obstruct money laundering investigations on decentralized platforms. And the conflict of interest here is glaring: the Trump family has pocketed an estimated $2.3 billion from crypto ventures and meme coins, yet the administration is leading the charge to pass this bill. Ethics provisions to address that conflict have been blocked at every turn. This is corruption dressed up as financial innovation, and the Senate should reject it.