Senate Banking’s Corrupt Crypto Bill
WASHINGTON, D.C. – The U.S. Senate Banking Committee is expected to vote today on the Digital Asset Market Clarity Act, a cryptocurrency bill. Bartlett Naylor, economist for Public Citizen, released the following statement:
“Without massive political spending and a corrupt president cashing in on an obvious Ponzi scheme, the Senate Banking Committee would be shuttering this grift. Instead, they’re opening new windows for frauds, stifling state and local law enforcers, threatening traditional securities markets, and affixing a federal seal of approval on Trump’s scam. Any responsible final law must contain clear prohibitions on Trump and other federal officials profiteering through crypto.”