Elizabeth Warren reposted the post below
Americans are being scammed out of billions of dollars while Trump is using crypto to turn the presidency into a profit generating machine. The Clarity Act’s weak rules & carveouts would supercharge fraud & undermine law enforcement.
Clarity Act Update!
Tuesday at 2:15 p.m. ET, the Senate takes its first procedural vote on the Clarity Act.
This is not a vote on final passage. It is a vote to end debate on whether the United States Senate should even consider a bill to regulate digital assets.
We have spent thousands of hours writing a framework so America leads this technology instead of watching it leave. Dozens of Senators have been in the room. It already cleared committee with a bipartisan vote. The House already passed it.
A “no” on Tuesday is not a thoughtful objection to a provision. It is a vote to keep an entire industry in the dark with no rules, no American framework, and let it develop overseas.
That is an absurd position.
If Senators have concerns about the bill, they can offer an amendment after we agree to take it up. That is how the Senate is supposed to work.
To my colleagues : vote yes on Tuesday. Consider the bill. Regulate this industry in the United States. Do not hand the future of digital assets to other countries because we failed to do our jobs.
