Tuesday’s preliminary Senate vote will decide whether the Clarity Act can clear the 60 votes needed to advance, after Elizabeth Warren lined up a floor speech attacking the bill’s revised ethics language.
Warren says the new provision is a “weak fig leaf” because political appointees could shut off enforcement and loopholes would still let Donald Trump keep profiting from crypto ventures including World Liberty Financial.
Senate Republicans updated the bill Sunday to let state attorneys general enforce a ban on presidents and other senior officials issuing digital assets, hoping to win enough Democratic support.
Warren also plans to seek unanimous consent for an “Ending Presidential Corruption in Banking Act” that would block bank approvals for top officials and unwind charters granted since Jan. 20, 2025.
Her broader argument is that the Clarity Act would boost Trump’s crypto empire — including a bank charter tied to World Liberty Financial and its USD1 stablecoin — while the White House says the bill is needed for U.S. crypto leadership.