Three Democratic Senators Oppose Clarity Act Today, Citing Trump's $1 Billion Crypto Profits

According to CoinDesk, three Democratic senators—Chris Murphy, Chris Van Hollen, and Jeff Merkley—publicly opposed the Clarity Act today, calling it "corrupt legislation." Murphy stated the bill would be "worthless" if it fails to prevent Trump's profit-taking from the crypto industry, while Van Hollen called it legislation that "will cause great harm." The senators highlighted an unresolved ethics clause that would prohibit senior government officials, including the president, from participating in crypto ventures. The bill requires 60 Senate votes to pass but lacks sufficient Democratic support.

Trump's recent financial disclosures revealed he earned more than $1 billion from crypto-related business in 2025, fueling opposition concerns about potential conflicts of interest.