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The crypto industry is back at the Senate door with a new version of the same scam. After public pressure helped stall the CLARITY Act, lobbyists and crypto billionaires are pushing a tweaked version of this same market structure bill that would hand them the deregulatory prize they have been chasing for years. This bill has minor changes, but is the same basic scheme, the product of the same crypto industry pressure, and is the same attempt to sell loopholes as “rules” and corruption as “innovation.” That is why Senate Minority Leader Chuck Schumer’s role matters so much right now. If Schumer holds Senate Democrats together, the crypto lobby’s path to a giveaway gets much harder. If Senate Democrats splinter, crypto billionaires will claim bipartisan momentum and use it to pressure the rest of Congress into accepting a bill that weakens consumer protections and rewards an industry built on speculation, scams, and conflicts of interest. Senator Schumer needs to hear directly from the public. Senate Democrats must vote against the Senate CLARITY Act and any crypto bill that codifies corruption, deregulates consumer protections, or gives Trump’s crypto profiteering a Congressional seal of approval. Call on Senator Schumer to hold the line against the crypto industry’s deregulatory agenda!
Crypto billionaires want a bill that shifts power away from tough oversight and toward weaker rules they can exploit. They want broad exemptions, legal confusion, and enough federal legitimacy to draw more people, more retirement money, and more institutional capital into unstable digital asset markets. And Trump’s crypto conflicts make this moment even more dangerous. Congress is debating whether to bless the crypto industry at the same time Trump and his family are entangled in crypto ventures that could benefit from looser rules and weaker enforcement. That is corruption staring lawmakers in the face. The Senate cannot pretend this is a normal policy debate. Crypto billionaires are using campaign money, lobbying pressure, and political threats to get the rules they want. Senate Democrats should be exposing that pressure, resisting it, and making clear that financial policy cannot be auctioned off to the highest bidder. We beat back the last version because people paid attention and spoke out. We can do it again, but Schumer needs to hear that voters expect Senate Democrats to stand together, not cave to crypto billionaires and Trump’s allies. Let’s make sure the Senate does not legalize the crypto lobby’s next scam. -Mark Mark Hays (he/his)
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