Jul 22
Stopping Trump’s Crypto Corruption: The Risks of the Clarity Act to Democracy and National Security

President Trump and his family have made more than $2 billion from cryptocurrency ventures since his 2024 reelection, including corrupt deals that trade America’s national security for Trump’s personal profit. Cryptocurrency is used by U.S. adversaries and criminal networks to finance war, terrorism, human trafficking, and child exploitation, while Americans lose billions of dollars to crypto scams.

Against this backdrop, Congress is considering legislation called the Digital Asset Market Clarity Act that would give cryptocurrency markets a veneer of oversight and consumer protection, but with gaping carveouts and exceptions from the laws that protect investors, consumers, and our financial system. The bill would grant legitimacy to the Trump family’s crypto empire by giving Trump control of this new regulatory system while allowing his crypto corruption to continue. Congress would be trusting Trump to crack down on money laundering and fraud in the same crypto markets where his administration is dropping enforcement actions and pardoning his business associates.

Please join the Center for American Progress and Sen. Chris Murphy for a conversation on the intersection of digital currency, corruption, and national security. The conversation will be moderated by CAP President and CEO Neera Tanden.