Authored by Matthew Di Salvo via BitcoinMagazine.com,
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. The latest draft bans officials and their families from issuing or promoting crypto.
“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.
“It’s going to a vote on the floor. There’s a glaring omission: it does not stop Donald Trump from cashing in on his presidency.”
“This isn’t regulation — this is a giveaway. This bill should be dead on arrival,” added Warren.
The new draft of the Senate GOP crypto bill does nothing to stop President Trump from making his next $1.4 billion from crypto.
It’ll supercharge Trump’s crypto corruption.
This bill should be dead on arrival. pic.twitter.com/HuNY52n3ex READ MORE AT SOURCE »Originally reported by ZeroHedge NewsHOW DO YOU SEE THIS STORY?Choose your pill. Your vote is anonymous.0 TOTAL VOTES
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