1. United States
2. S.C.
3. Letter

The disheartening influence of powerful corporate lobbies on the legislative process is deeply concerning, as it compromises the fundamental principle of government serving the interests of the people rather than moneyed special interests. The "Crypto Week" initiative, driven by the cryptocurrency industry's lobbying groups that poured tens of millions into electing sympathetic lawmakers, epitomizes this corrosive dynamic. The marquee CLARITY Act exemplifies how industry lobbyists shape legislation to serve their narrow agenda at the expense of robust consumer protections and sound regulation in the public interest. This bill, as warned by experts like Amanda Fischer of Better Markets, would erode crucial disclosure standards, weaken liability provisions, incentivize regulatory arbitrage, and strip safeguards against market manipulation – all to grant the crypto industry its preferred, lax oversight by the CFTC. Such industry capture makes a mockery of the democratic process and betrays the trust of the constituents you represent. Please do the right thing and stand up for your constituents against the moneyed lobbiests