Digital Asset Market Clarity Act of 2025

Floor Speech

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Ms. PRESSLEY. Mr. Speaker, I rise in vigorous opposition to the CLARITY Act. This bill gives a green light to self-enriching crypto schemes where officials at the highest levels of power, including in the White House, have generated hundreds of billions of dollars in personal profit.

We need legislation that stops financial abuse, not encourages it, especially during a time when the SEC has dropped enforcement actions against major crypto firms and undermined investor safety.

Across our country, millions of working families are battling rising costs, our elders are targeted by financial scams, and investors are trying to recover from volatile markets. Republicans are ignoring all of that to prioritize the crypto industry's wish list.

To be clear, the people deserve crypto legislation that is fair, transparent, and accountable, not a bill that opens the floodgates to conflicts of interest and weakens investor protections.

The CLARITY Act fails that test. Republicans need some clarity all right: moral and legislative. I agree with Ranking Member Waters that this is really the calamity act.

Mr. Speaker, I urge my colleagues to oppose this bill.

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