Dear John,
The Trump Organization has made over $1.4 billion through its cryptocurrency venture since Trump’s second inauguration, according to federal disclosures.
But while Trump took his winnings straight to the bank and deposited them in much safer stocks and bonds, the nearly one million investors he took for a ride lost a total of about $3.8 billion on the $TRUMP coin alone. The coin peaked in value at over $75, but then declined in value by about 97%, losing money for approximately two-thirds of investors.
This is the digital world in which the Digital Asset Market Clarity Act is now being promoted, supposedly as a “transparency” measure for the crypto industry. But in reality, this bill would weaken the SEC’s authority to oversee crypto ventures by redefining digital assets in such a way that much of the crypto market would avoid oversight.
Tell your Senators to vote NO and filibuster the Digital Asset Market Clarity Act.
Healthy markets require predictable rules, consistent disclosures, and regulators with clear enforcement authority. By weakening the SEC's established role and redistributing oversight, the Digital Asset Market Clarity Act would make it more difficult for investors to assess risk.
Fragmented regulation can increase uncertainty about which standards apply to which digital assets, and who has the authority and responsibility to investigate misconduct.
The cryptocurrency market has already experienced repeated episodes of extreme volatility, market manipulation, exchange failures, and substantial investor losses. Weakening consistent oversight is more likely to magnify these risks than reduce them, leaving investors with even less protection in inherently unstable markets.
Moreover, the Clarity Act doesn’t prevent government officials — including the president, vice president, and members of Congress — from profiting off of crypto ventures. It effectively solidifies Trump’s ability to keep grifting through his family’s crypto company while making a volatile product everyone else’s problem.
Congress should preserve strong, unified regulatory authority that promotes transparent disclosures, effective enforcement, and greater market stability. Congress should reject the misnamed Digital Asset Market Clarity Act.
Tell your Senators to support a filibuster of the Digital Asset Market Clarity Act now.
Thank you for supporting stability, transparency, and accountability in the crypto industry.
Robert Reich
Inequality Media Civic Action
