- United States
- Pa.
- Letter
Vote no on H.R. 3633 before the August recess. This bill doesn't bring clarity to crypto markets — it strips away the investor protections Americans have relied on since the Great Depression, replacing SEC oversight with a weaker regulatory framework that leaves everyday people exposed.
The problems run deeper than weak regulation. The National Sheriffs' Association warns that Section 604 would actively obstruct money laundering investigations on decentralized platforms. The bill also wipes out dozens of state-level consumer fraud protections, eliminating recourse for ordinary investors who get burned. 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.
The Senate needs 60 votes, which means at least seven Democrats have to cross over. Don't be one of them. This bill serves crypto insiders and a financially conflicted administration — not constituents.