{"id":48482,"date":"2026-07-23T20:44:09","date_gmt":"2026-07-23T20:44:09","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=48482"},"modified":"2026-07-23T20:44:09","modified_gmt":"2026-07-23T20:44:09","slug":"elizabeth-warren-claims-clarity-act-would-help-trump-and-criminals-and-cartels","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=48482","title":{"rendered":"Elizabeth Warren Claims Clarity Act Would Help Trump \u2014 And \u2018Criminals and Cartels\u2019"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nElizabeth Warren Claims Clarity Act Would Help Trump \u2014 And \u2018Criminals and Cartels\u2019<\/a><\/p>\n

<\/div>\n

Democratic Senator Elizabeth Warren has blasted the Clarity Act draft bill, claiming it would allow criminals and cartels to move money.\u00a0<\/p>\n

Speaking in a video statement on X Wednesday, Warren hinted<\/a> that the potential law would allow President Donald Trump to make money from crypto.\u00a0<\/p>\n

Lawmakers are currently mulling over the latest draft of the Clarity Act, which aims to set in stone digital asset regulation. The latest draft bans officials and their families from issuing or promoting crypto.\u00a0<\/p>\n

\u201cThis latest draft bill would make it easier for criminals, oh, and cartels and terrorists to move money and finance their operations \u2014 and it fails to protect investors and our financial system,\u201d Warren said in the video.\u00a0<\/p>\n

\n
\n
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The new draft of the Senate GOP crypto bill does nothing to stop President Trump from making his next $1.4 billion from crypto. <\/p>\n

It\u2019ll supercharge Trump\u2019s crypto corruption. <\/p>\n

This bill should be dead on arrival. pic.twitter.com\/HuNY52n3ex<\/a><\/p>\n

\u2014 Elizabeth Warren (@SenWarren) July 22, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

\u201cIt\u2019s going to a vote on the floor. There\u2019s a glaring omission: it does not stop Donald Trump from cashing in on his presidency.\u201d\u00a0<\/p>\n

\u201cThis isn\u2019t regulation \u2014 this is a giveaway. This bill should be dead on arrival,\u201d added Warren.\u00a0<\/p>\n

But X users added clarification to Warren\u2019s video, highlighting that the Senate GOP\u2019s updated draft includes ethics provisions banning federal officials from issuing or sponsoring digital assets.\u00a0<\/p>\n

Trump\u2019s crypto ventures\u00a0<\/h2>\n

Warren has long been a crypto critic, initially arguing that billions of dollars go missing every year thanks to tax dodging crypto users.\u00a0<\/p>\n

Most recently, Warren has called for a probe into the Trump family\u2019s top crypto ventures.\u00a0<\/p>\n

President Trump campaigned on a ticket to help the crypto space but some Washington lawmakers have criticized the way the Trump family has profited from digital asset ventures, such as the Republican\u2019s meme coin, TRUMP, and World Liberty Financial project.\u00a0<\/p>\n

Trump and the White House have always denied any conflicts of interest.\u00a0<\/p>\n

Latest Clarity Bill\u00a0<\/h2>\n

Senate Republicans began circulating new text of the bill this week, ahead of a possible floor vote.\u00a0<\/p>\n

US banking representatives, regulators and crypto bigwigs have been meeting at the White House to work on the Clarity Act since last year.\u00a0<\/p>\n

The bill was passed by the House of Representatives but banking chiefs raised concerns over stablecoins and the yield they will potentially pay customers.\u00a0<\/p>\n

Banking representatives have warned<\/a> they could lose their deposit base and, in turn, their ability to lend to U.S. businesses if companies are allowed to pay rewards on stablecoins.<\/p>\n

On Thursday, Goldman Sachs chairman and CEO David Solomon became one of the first <\/a>big bankers to throw his support behind the bill.\u00a0<\/p>\n

This post Elizabeth Warren Claims Clarity Act Would Help Trump \u2014 And \u2018Criminals and Cartels\u2019<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Elizabeth Warren Claims Clarity Act Would Help Trump \u2014 And \u2018Criminals and Cartels\u2019 Democratic Senator Elizabeth Warren has blasted the Clarity Act draft bill, claiming it would allow criminals and cartels to move money.\u00a0 Speaking in a video statement on X Wednesday, Warren hinted that the potential law would allow President Donald Trump […]<\/p>\n","protected":false},"author":1,"featured_media":48483,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-48482","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nElizabeth Warren Claims Clarity Act Would Help Trump \u2014 And \u2018Criminals and Cartels\u2019 - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=48482\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elizabeth Warren Claims Clarity Act Would Help Trump \u2014 And \u2018Criminals and Cartels\u2019 - 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