US (AMERICANS FOR FINANCIAL REFORM) : Tell SENATORS to BLOCK the DIGITAL ASSET MARKET CLARITY ACT!

 

Crypto lobbyists are back in the Senate with a bill designed to protect their profits, weaken oversight, and force risky digital asset products deeper into the financial system. The Digital Asset Market Clarity Act is being sold as a new and improved bill but it is packed with the same crypto industry wish list that keeps showing up in Congress. Crypto firms would get more room to evade investor protections, exploit legal loopholes, and market unstable products with the appearance of federal legitimacy. It would undermine the SEC, make it harder for regulators to stop fraud and abuse, and expose workers’ retirement savings and the broader economy to even more crypto-driven risk. The risks and harms tied with this legislation cannot be overstated. Senators need to oppose this bill at every opportunity they have, including voting to block the bill from moving forward on the Senate floor, using the filibuster, and blocking the path for crypto billionaires and their VC backers to turn their wish list into law. At a moment when families are already struggling with high costs, financial instability, and nonstop headlines about crypto fraud and political corruption, Senators have no excuse for prioritizing crypto billionaires over workers, retirees, consumers, and the economy. Tell your Senators to vote NO, oppose cloture, and support a filibuster of the Digital Asset Market Clarity Act to stop the crypto lobby from writing itself into federal law. SEND YOUR MESSAGE The Digital Asset Market Clarity Act fails the most basic test. It does not provide strong protections against fraud, scams, and abuse. It subverts long-standing securities law. It undermines the SEC’s authority as the principal federal securities regulator and threatens financial stability, risking harm to everyone whether or not they invest in crypto. The bill gives the crypto industry more legal cover at the exact moment it should be facing far more scrutiny. It also fails to address the dirty money, trafficking, money laundering, and illicit finance problems that have followed crypto for years. Every loophole Congress creates becomes an invitation for scammers, hostile actors, and billionaires with enough lawyers to exploit it. The bill also fails to do anything to stop crypto corruption from elected officials, including the President. Donald Trump and his family have turned crypto into a vehicle for political profiteering, influence, and self-enrichment. Passing a crypto industry-drafted bill in this environment that does not explicitly prohibit crypto corruption would sanction the corruption and tell every political insider that enough money can buy legitimacy. More than 260 groups across the country have already opposed legislation that fails to address these dangers. Senators should listen to the public, not crypto billionaires threatening political retaliation if they do not get their way. Demand your Senators vote NO, oppose cloture, and support a filibuster of the Digital Asset Market Clarity Act now. Let’s stop crypto billionaires from gambling with the economy. -Mark. Mark Hays (he/his) Associate Director for Cryptocurrency & Financial Technology Americans for Financial Reform Support the campaign

Americans for Financial Reform