On the eve of the Senate vote, Warren warned that the current version of the CLARITY Act fails to constrain special profit channels for political figures.

BlockBeats news, September 16: U.S. Democratic Senator Elizabeth Warren spoke in the Senate on the eve of the procedural vote on the CLARITY Act, warning that the current bill text fails to adequately constrain the potential conflicts of interest arising from the President and senior officials participating in crypto businesses. Without stricter ethics and consumer protection provisions, the related legislation will leave room for politicians to profit from the digital asset market.

Warren said she supports establishing clearer regulatory rules for the crypto industry, but rulemaking should not give politicians and their families special access. She is particularly concerned about the Trump family's continuously expanding crypto businesses, arguing that as Congress advances market structure legislation, it must simultaneously address conflicts of interest involving public officials' own ventures, token issuance, and stablecoin businesses.

To this end, Warren and several Democratic lawmakers are pushing for a vote on legislation to restrict the President and senior officials from involvement in related financial businesses, and are seeking to incorporate "preventing presidential financial corruption" into the crypto legislation discussion.

As of press time, voting on the CLARITY Act is still ongoing.