Digital Asset Market Clarity Act of 2025

Floor Speech

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Mr. SHERMAN. Mr. Speaker, I submitted many amendments to Rules, as did other Democrats. They made only one in order. I will not be offering it because in the absence of the other amendments, it is really not useful.

This bill is an attack on working families, which is why the AFL-CIO says no, and they are scoring it.

This bill prohibits Congress Members from sponsoring cryptocurrencies because of the obvious corruption and conflict of interest, but it allows the President to create electronic Monopoly money.

Who is buying? Abu Dhabi is buying $2 billion of Trump stablecoin while the Chinese interests behind TikTok are buying $300 million worth of Trump coin, and that is just what we know about. There is a lot we don't know about because cryptocurrency literally means hidden money.

It allows for bailouts under section 13(3) of the Federal Reserve Act. Jay Powell won't do it, but the next guy will.

Congress won't stop him because crypto spends more in super-PAC than any other industry by far, five times more than the combination of Big Oil and Big Pharma.

It allows for the purchase of bitcoin and Trump coin, and Trump has announced that he is going to do just that with our tax dollars going into his crypto.

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Mr. SHERMAN. Finally, this creates the perfect financial tool for drug dealers and for tax evaders because every time a billionaire cheats on his taxes, a member of the Freedom Caucus earns his wings.

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