Sen. Elissa Slotkin opposes CLARITY Act vote over crypto ethics concerns

  • Sen. Elissa Slotkin voted against advancing Senate deliberations on the CLARITY Act.
  • Slotkin cited insufficient ethics provisions covering crypto-related interests involving Trump and his administration.
  • Slotkin also sought stronger safeguards against illicit finance and greater agency enforcement authority.

Sen. Elissa Slotkin voted against a procedural Senate measure to advance deliberations on the CLARITY Act, citing inadequate ethics safeguards for public officials with crypto-related interests. Slotkin said the bill does not sufficiently restrict such interests involving President Donald Trump, Trump’s family and administration officials. She also called for stronger provisions against illicit financial flows linked to money laundering, terrorist financing, North Korea and Iran. In addition, Slotkin said agencies including the Commodity Futures Trading Commission (CFTC, U.S. derivatives regulator) need greater oversight authority and enough staff to enforce the legislation.

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Sen. Elissa Slotkin opposes CLARITY Act vote over crypto ethics concerns - CoinPost Terminal