VOTE NO on the Clarity Act.

Here are three alarming facts about crypto: Eleven pension funds that invested in crypto have lost about 60 percent of their value. Trump plans to create his own crypto bank. Criminals will launder drug money through crypto and our valuable transparency laws will be upended. Groups around the country have urged the Senate to make sure that bill includes binding, enforceable provisions to prevent crypto money laundering, crypto corruption, and crypto risks to the economy and financial system. But what is under consideration is just window dressing that fails to meaningfully address these issues and we will be surrendering our economy to crypto oligarchs without the needed oversight. Congress shouldn’t give away the future of the American economy to crypto oligarchs who are dismantling our democracy. I’m urging you to vote NO on the Clarity Act.