Warren attacks Clarity Act ethics provision ahead of Senate vote

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Warren attacks Clarity Act ethics provision ahead of Senate vote
Crypto

CNBC

Sen. Elizabeth Warren plans a Monday night speech sharply criticizing the Clarity Act and its newly added ethics provision ahead of a Senate preliminary vote Tuesday that needs 60 votes to advance. Warren says the provision, which Republicans updated and which President Donald Trump has blessed, is a "weak fig leaf" that could be unenforceable against Trump and contains loopholes allowing him to profit from crypto businesses such as World Liberty Financial and a newly acquired bank charter. GOP leaders say the bill would lay out rules for the crypto industry and added state attorney general enforcement language.

Senate faces key Clarity Act vote amid contested ethics language

Context

Lawmakers revised the Clarity Act with new ethics language. The Senate will hold a preliminary vote that needs 60 votes to advance. Warren is also proposing a separate banking ethics bill, but it faces slim support.

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