OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Digital Asset Market Clarity Act of 2025

Floor Speech

Date: July 17, 2025
Location: Washington, DC

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Ms. VELAZQUEZ. Mr. Speaker, I rise today in strong opposition to this bill. It is ironic we are debating a bill called the CLARITY Act when it offers no clarity on one of the biggest issues in crypto, the blatant conflicts of interest inside our own government.

Since returning to office, President Trump has turned the Presidency into a crypto cash machine. It is now estimated that crypto makes up the majority of Donald Trump's net worth.

Foreign investors, some under Federal investigation, are pouring millions into these ventures, buying access, influence, and favorable treatment.

So I ask: What are we doing here?

With this bill, not only are we continuing to allow President Trump to issue his cryptocurrency, but we are allowing him and his cronies to be in charge of the regulators overseeing that venture and compromising the stability of capital markets in our country.

Mr. Speaker, I urge my colleagues to vote ``no.''

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