Three Senate Democrats oppose the Digital Asset Market Clarity Act, citing corruption risks tied to Trump’s crypto holdings.
Three U.S. Senate Democrats intensified opposition to the Digital Asset Market Clarity Act, labeling it a ‘corrupt’ bill due to perceived ties to President Donald Trump’s personal crypto profits. The legislation requires significant Democratic support to surpass the Senate’s 60-vote threshold for passage.
Senators Chris Murphy, Chris Van Hollen, and Jeff Merkley, joined by Elizabeth Warren, argued the bill fails to address ethical concerns linked to Trump’s crypto investments. Van Hollen, a Banking Committee member, called it a ‘corrupt piece of legislation’ that could cause harm. Advocates are racing to secure Democratic votes ahead of a potential floor vote.
The opposition underscores deep divisions within the party over crypto regulation, complicating efforts to advance the bill in its current form.