Senator Elizabeth Warren criticized the Clarity Act draft bill, claiming it would make it easier for criminals, cartels, and terrorists to move and launder money. She also accused the legislation of failing to prevent Donald Trump from profiting from his presidency through crypto ventures. The latest version of the bill, aimed at establishing digital asset regulation, bans federal officials and their families from issuing or promoting cryptocurrencies. The legislation passed the House of Representatives but banking representatives raised concerns about stablecoins. Goldman Sachs CEO David Solomon nevertheless endorsed the bill on Thursday.
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