“This bill gives a green light to the self-enriching crypto schemes we’ve seen where officials at the highest levels of power, including in the White House, have generated hundreds of millions of dollars in personal profit.”

“The American 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.”

Video (YouTube)

WASHINGTON – Today, Congresswoman Ayanna Pressley (MA-07) delivered a floor speech in which she assailed the CLARITY Act, harmful legislation that lacks consumer protections and would legalize Donald Trump’s crypto corruption and brazen abuse of power. In her remarks, Rep. Pressley condemned the bill as a green light for self-enriching crypto schemes and urged Congress to instead pass crypto legislation that is fair, transparent, and accountable.

A full transcript of her remarks is available below and the full video is available here.

Transcript: On House Floor, Pressley Assails CLARITY Act as Green Light for Corruption, Financial Abuse
House of Representatives
July 17, 2025

Thank you, Ranking Member Waters.

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, but 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 alright, moral and legislative.

I agree with Ranking Member Waters, this is really the CALAMITY Act and I urge my colleagues to oppose this bill.

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