CLARITY Act Alleged to Have Five Major Loopholes, May Fail to Stop Trump's $1.4 Billion Crypto Profits

TechFlow news, August 10, according to Bitcoin.com reports, the minority staff of the U.S. Senate Banking Committee (led by Senator Elizabeth Warren) released an analysis report on August 5, pointing out that the "Digital Asset Market Clarity Act" (CLARITY Act, H.R. 3633) has five core loopholes: first, it allows crypto assets to bypass SEC regulation, threatening pension security; second, it exempts DeFi platforms from anti-money laundering obligations, posing risks of illegal financing; third, it enables evasion of U.S. sanctions through the "Tornado Cash loophole"; fourth, stablecoin yields may drain community bank deposits, triggering systemic risks; fifth, enforcement power belongs solely to the Trump Attorney General, unable to effectively prevent Trump's own crypto profits—his 2025 crypto earnings have already exceeded $1.4 billion, accounting for nearly two-thirds of his total income.