- United States
- Pa.
- Letter
Vote no on H.R. 3633, the Digital Asset Market Clarity Act. This bill passed the House and is now racing toward a Senate vote before August recess — and the pressure to move fast is exactly why you should slow down and look at what's actually in it.
The CLARITY Act strips out investor protections that have been on the books since the Great Depression, replaces SEC oversight with a weaker regulatory framework, and wipes out dozens of state-level consumer fraud protections. Law enforcement is sounding the alarm too — the National Sheriffs' Association warns that Section 604 would actively obstruct money laundering investigations on decentralized platforms. That's not deregulation, that's a gift to bad actors.
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 Trump administration is leading the charge to pass this bill. Ethics provisions to address that conflict have been blocked at every turn. American consumers deserve a Senator who won't hand Wall Street's newest casino a get-out-of-jail-free card to protect a president's personal financial interests.