Lummis and Warren Clash Over CLARITY Act's Loopholes for Trump Crypto Profits

Senators Lummis and Warren are at odds over the CLARITY Act's ethics rules, which aim to prevent President Trump from profiting off cryptocurrency.

The controversy centers around a provision that would allow Trump to hold and trade unlimited amounts of crypto he did not personally issue, continue profiting from ventures through intermediaries, and launch new ventures structured through family members or affiliated entities.

Lummis defended the language as sufficient, while Warren's staff argued it is 'riddled with major loopholes' that would let Trump earn his next $1.4 billion in crypto.