White House · Donald Trump · Elizabeth Warren · CLARITY Act · US Senate · Bitcoin Magazine
Elizabeth Warren Asserts Clarity Act Would Help Trump, And ‘Criminals and Cartels’
Compiled by KHAO Editorial — aggregated from 3 sources. See llms.txt for citation guidance.
✓ KHAO Verified
The anti-crypto senator claims the latest Clarity bill draft would allow the president to cash in.
Key facts
- On Thursday, Goldman Sachs chairman and CEO David Solomon became one of the first big bankers to throw his support behind the bill
- US banking representatives, regulators and crypto bigwigs have been meeting at the White House to work on the Clarity Act since last year
- Democratic Senator Elizabeth Warren has blasted the Clarity Act draft bill, claiming it would allow criminals and cartels to move money
- President Trump campaigned on a ticket to help the crypto space but some Washington lawmakers have criticized the way the Trump family has profited from digital asset ventures, such
Summary
Democratic Senator Elizabeth Warren has blasted the Clarity Act draft bill, claiming it would allow criminals and cartels to move money. Speaking in a video statement on X Wednesday, Warren hinted that the potential law would allow President Donald Trump to make money from crypto. Lawmakers are currently mulling over the latest draft of the Clarity Act, which aims to set in stone digital asset regulation. “This latest draft bill would make it easier for criminals, oh, and cartels and terrorists to move money and finance their operations, and it fails to protect investors and our financial system,” Warren said in the video.