Oppose the CLARITY Act

A sweeping piece of crypto legislation called the Digital Asset Market Clarity Act, H.R. 3633 or the CLARITY Act, passed the House by a wide bipartisan margin in July of 2025 and cleared the Senate Banking Committee on May 14. Lawmakers are under pressure to move the bill before the August recess, and in order to pass, the CLARITY Act needs 60 votes, with at least seven Democrats joining Senate Republicans.

The bill, which is supported by multiple crypto companies, would gut investor protections that have been on the books since the Great Depression, replacing robust Securities and Exchange Commission (SEC) oversight with a more hands-off regulating body. It would also wipe out dozens of state-level consumer fraud protections, leaving everyday investors with fewer options when things go wrong. Law enforcement agencies, including the National Sheriffs’ Association, have warned that Section 604 of the bill would hinder investigations and make it harder to catch money launderers who use decentralized platforms to move illicit funds.

The bill also has a serious conflict of interest problem. The Trump family has already made an estimated $2.3 billion from crypto ventures and meme coins, yet his administration has been one of the bill’s loudest champions. Ethics provisions that would address these conflicts have been repeatedly sidelined during negotiations.

This legislation puts both consumers and our financial systems at risk, while doing nothing to stamp out corruption. Tell your Senators to oppose the CLARITY Act.