US (AMERICANS FOR FINANCIAL REFORM) : Senators cannot hide behind simple opposition to CLARITY ACT – a filibuster is essential.

 

The crypto industry needs 60 votes to end debate in the Senate and move the corrupt crypto CLARITY Act toward final passage with a simple majority. They only need to peel off a few Democrats to reach this 60 vote threshold. We need to target every senator to potentially flip wavering or vulnerable Republicans and to make sure 100 percent of Democrats hold the line and filibuster this horrible industry giveaway. The vote in the Senate takes place on September 15th. That’s next Tuesday! Action is needed now. Stop the crypto industry’s push to write its own rules and embolden self-dealing at the highest levels of power! Contact your senators and demand they filibuster to block the CLARITY Act crypto scam now. SIGN & SEND Big Tech billionaires are working hard to lockdown votes from both Republicans and Democrats, generating headlines like this one: The super PAC Protect Progress spent $1.5 million to support a Democrat in Texas. The next day, the super PAC Fairshake spent the same amount to oppose a Democrat in Illinois. The two super PACs have the exact same Treasurer and list the same address as their headquarters! All paid for by the same crypto billionaires and their super PACs! The industry wants Senators to fear its super PACs more than their own constituents. We can reverse that pressure. Democrats need to hear that surrendering to Trump’s secret deal will have consequences. Republicans facing competitive elections in Maine, Ohio, and Alaska need to know that voters are watching their role in this scam too. The CLARITY Act is being sold as an innovative regulatory framework, but the reality is almost the exact opposite. It would weaken investor protections, undermine the SEC’s authority and investor protection powers, 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. Let’s be very clear. The CLARITY Act is written for the crypto industry, by the crypto industry. It does nothing to help families and communities struggling to make ends meet. It will enrich billionaires and crypto insiders and leave everyone else holding the bag. This bill is a giveaway to an industry that has already produced spectacular collapses, endless scams, political corruption, and real harm to working people. 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. Contact your senators now! Let’s stop crypto billionaires from gambling with our retirement savings. -Mark Mark Hays (he/him) Associate Director for Cryptocurrency & Financial Technology Americans for Financial Reform Support the campaign

Americans for Financial Reform