Lummis and Warren Trade Barbs Over CLARITY Act Ethics Provision

The Senate's CLARITY Act has hit a roadblock due to disagreements over its ethics provision. At the center of the controversy are Senators Cynthia Lummis and Elizabeth Warren, who have publicly clashed over the issue.

Warren's staff argues that the provision is 'riddled with major loopholes' that would allow President Trump to continue profiting from his cryptocurrency ventures without consequence.

Lummis has responded by accusing Warren of prioritizing opposition to Trump over consumer protection, saying she would rather have no regulations for the digital asset industry than enforce ethics standards.