US (AMERICANS FOR FINANCIAL REFORM) : The SENATE can still stop this crypto scam.

 

Crypto billionaires have a path forward to force the CLARITY Act, a dangerous crypto-industry crafted bill, through the Senate. They want lawmakers to hand them a federal green light to push risky digital assets deeper into our financial system. They want special carveouts and loopholes to profit at the expense of everyday people. Senators must block this harmful bill from moving forward. The CLARITY Act is being sold as an innovative regulatory framework, but the reality is uglier. It would weaken investor protections, undermine the SEC, create new loopholes for fraud and abuse, and give crypto firms the appearance of federal legitimacy without the real safeguards workers, retirees, consumers, and the economy need. And it would risk the financial well-being of people across the country, regardless of whether they buy crypto products. This is exactly how a speculative industry riddled with scams buys power in Washington. Crypto executives and billionaire VC backers spend massive sums, threaten political retaliation, and then demand that Congress rewrite the rules so they can keep profiting while everyone else absorbs the risk. The Senate needs to stand up for people, not billionaires. Senators need to oppose cloture, support a filibuster, and block the CLARITY Act before crypto billionaires get another giant giveaway. Tell your Senators to vote NO, oppose cloture, and support a filibuster of the CLARITY Act now. SEND YOUR MESSAGE This bill fails the most basic test of financial reform. It does not provide strong protections against fraud, scams, and abuse. It subverts long-standing securities law. It weakens the SEC’s role as the principal federal securities regulator. It threatens financial stability and economic health for everyone -- not just people who invest in crypto. It would give Congress’s blessing to an industry already drowning in corruption, illicit finance risks, money laundering concerns, and political profiteering. Every loophole in this bill becomes an invitation for scammers, hostile actors, and billionaires with enough lawyers to exploit it. The danger reaches far beyond people who buy crypto. When risky digital assets are pushed deeper into markets, retirement accounts, pension funds, and the broader economy can be exposed to the fallout. Workers should never have to watch their savings become collateral damage for a billionaire-backed crypto experiment. More than 260 groups across the country have already opposed legislation that fails to address these dangers. Senators should listen to workers, retirees, consumers, and the public, not crypto billionaires trying to buy the rules they want. Demand your Senators vote NO, oppose cloture, and support a filibuster of the CLARITY Act now. Let’s stop crypto billionaires from gambling with our retirement savings. -Mark. Mark Hays (he/his) Associate Director for Cryptocurrency & Financial Technology Americans for Financial Reform. Support the campaign

Americans for Financial Reform