Senate Democrats Slam Clarity Act as Weak on Trump Crypto Profits

A congressional forum at Capitol Hill highlighted an ongoing divide within the Senate Democratic Caucus regarding the Clarity Act (H.R. 3633), a bill aimed at regulating cryptocurrency.

Senate Democrats have split between those who denounce negotiations over the legislation and those working to reach a compromise with Republicans.

The forum, the latest event opposing the bill, is likely to put pressure on other Senate Democrats to hold firm against the Clarity Act.

According to some Democratic members, the bill would do little to prevent President Donald Trump from improperly profiting off digital assets.