Democrats wanted crypto projects barred from going dark until investors have all the material information. The Clarity Act locks it in.
Democrats voted against keeping investors informed.
Democrats asked for new rules targeting crypto market manipulation, something the House bill never had. The Clarity Act adds them.
Democrats voted against stopping pump-and-dump schemes.
Democrats asked that bad actors banned from other securities offerings also be banned from crypto offerings. We made that change and incorporated it into the Clarity Act.
Democrats voted against keeping repeat offenders out of crypto.
Democrats wanted every retail crypto trade routed through a registered broker or dealer so everyday investors always have a regulated middleman. The Clarity Act requires it.
Democrats voted against putting a regulated professional between Main Street and the market.
Democrats wanted real examinations to make sure crypto firms follow anti-money laundering laws. The Clarity Act delivers them.
Democrats voted against cracking down on crypto money laundering.
Democrats pushed for a blanket prohibition on federally elected officials from issuing or sponsoring a digital asset, with State AG enforcement. It’s in the Clarity Act.
Democrats then voted against these ethics restrictions on politicians. Embarrassing.