Warren Opposes Revised Clarity Act, Citing Trump Family Conflict Concerns

JOON HYOUNG LEE

Summary

Sen. Elizabeth Warren said she is opposing a revised version of the cryptocurrency market structure bill, the Clarity Act.
Warren said the bill would heighten concerns over conflicts of interest tied to President Donald Trump’s family crypto businesses.
Democrats, including Warren, have been calling for the Clarity Act to include provisions to prevent conflicts of interest involving senior public officials.

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Sen. Elizabeth Warren is opposing a revised version of the Clarity Act, a bill to set rules for the cryptocurrency market’s structure.

In a post on X on May 12, Warren wrote that the U.S. Senate Banking Committee had released a new version of the Clarity Act. She said the bill would heighten concerns over conflicts of interest tied to President Donald Trump’s family crypto businesses. No bill should clear the committee without meaningful ethical safeguards, she added.

The Senate Banking Committee plans to hold a markup of the Clarity Act at 11:30 p.m. Korea time on May 14. A markup is the committee review stage that takes place before a bill is sent to the full chamber.

Democrats, including Warren, have been calling for the Clarity Act to include provisions aimed at preventing conflicts of interest involving senior public officials.

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