U.S. Democratic Senator Warren to condemn Clarity Act ethics provision ahead of Senate vote

TechFlow reports that on September 15, according to CNBC, U.S. Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee, will criticize the cryptocurrency market structure bill, the Clarity Act, in a speech Monday evening local time. The Senate is expected to hold a crucial preliminary vote on the bill Tuesday afternoon.

Warren described the latest ethics provisions backed by Donald Trump in the bill as merely a "thin fig leaf," stating they will not prevent Trump from continuing to profit from his cryptocurrency business. Republicans hope to gain support from some Democrats to advance legislative efforts to establish regulatory rules for the crypto industry. The bill requires at least 60 affirmative votes to proceed.