Staff for Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee, are circulating arguments against the latest ethics compromise in the revised Clarity Act, despite major concessions by Senate Republicans. The staff argues that new enforcement powers for state attorneys general are largely illusory and do not create a genuinely independent way to enforce the bill's restrictions. They also contend that limits on issuing or sponsoring digital assets would generally apply only to assets launched after the provisions take effect. Opposition extends beyond the ethics provisions. A bipartisan group of 18 state attorneys general, led by New York Attorney General Letitia James, is urging lawmakers to reject the legislation, arguing that it could weaken states' ability to pursue cryptocurrency fraud. Eight banking trade groups have criticized a newly added circuit breaker designed to address concerns that stablecoin rewards could draw deposits away from community banks. Some crypto policy advocates have also objected to narrower protections in the latest text for the Blockchain Regulatory Certainty Act, or BRCA. Senator Susan Collins of Maine, a Republican, said she has not decided whether to support the Clarity Act and described the legislation as a moving target. The bill is approaching a procedural vote after facing opposition from multiple constituencies.