Digital Asset Market Clarity Act of 2025

Floor Speech

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Mr. LYNCH. Mr. Speaker, I thank the gentlewoman from California for her leadership on this issue.

I rise in strong opposition to H.R. 3633, the so-called CLARITY Act. I believe this misguided legislation will have devastating impacts on our financial stability, national security, and investor protection.

While my Republican friends claim that this bill will regulate crypto market structure, in reality, it eviscerates the longstanding history of investor protections that have made our markets the envy of the world.

Most importantly, this bill, this push for crypto, will not end well for the U.S. taxpayer. This bill will lead to the next financial crisis, and the largest crypto donors who wrote this bill will walk away unharmed because the worst aspect of this bill is that Republicans have repeatedly refused to include a single amendment preventing a Federal taxpayer bailout of the crypto industry.

That is what this bill does.

Additionally, this bill includes zero provisions to prevent the President, who has a $620-million conflict of interest, from continuing his ability to accept emoluments from foreign governments like Abu Dhabi.

Mr. Speaker, I urge my colleagues to vote ``no'' and protect the American taxpayer.

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