“Piece of Shit”: Democratic Senator Blasts GOP’s Crypto Ethics Proposal
The battle for crypto regulation in Washington has reached a boiling point following the release of the CLARITY Act. Democratic Senator Ruben Gallego has launched a scathing attack on the Republican-led proposal, dismissing the current ethics provisions for digital assets as a non-serious attempt at governance.
The Digital Asset Market Clarity (CLARITY) Act aims to prohibit all US federal officials, including President Donald Trump, from issuing or sponsoring any digital assets. Despite this, Democrats argue the framework is fundamentally flawed, setting the stage for a legislative showdown as they prepare a counterproposal to ensure robust ethics and market integrity.
Tensions are rising in the US Senate over the future of digital asset oversight. On Wednesday, Senate Republicans released the proposed text for the Digital Asset Market Clarity (CLARITY) Act, but the move was met with immediate backlash. Democratic Senator Ruben Gallego slammed the ethics provisions, telling Politico that the draft was “not a serious effort,” even going as far as calling the proposal a “piece of shit.”
The core of the controversy lies in language that would bar all US federal officials—including President Donald Trump—from issuing or sponsoring any digital assets. While the GOP presents this as a step toward clarity, Democrats maintain that the provisions fall far short of necessary standards. Gallego has signaled his intent to collaborate with Republicans to draft a more substantial counterproposal.
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