Elizabeth Warren Rallies Democrats Against Crypto In Senate Showdown

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WASHINGTON — Sen. Elizabeth Warren (D-Mass.) is pushing cryptocurrency-friendly Democrats to vote against a bill that would entrench "digital assets" in the U.S. financial system, arguing ahead of a critical vote on Tuesday it would amount to a massive giveaway to an industry that has facilitated President Donald Trump's corruption.

Tuesday's procedural vote could be the crypto industry's last chance to get its return on investment after dumping hundreds of millions into elections since 2024. It's a clash of progressives against the industry, Republicans and much of the Democratic establishment. 

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Plenty of Senate Democrats have previously carried water for cryptocurrency, and several have been involved in writing the so-called Clarity Act. But they hesitated to vote for an earlier version of the bill over the summer, and Warren has argued forcefully the new version has the same problem: It won't stop President Donald Trump from making his next billion on crypto while in office. 

"It's a bill that would juice the value of President Trump's crypto empire, and reward the crypto billionaires who have facilitated his corruption," Warren said Monday evening.