Some U.S. Senate Democrats come out against Clarity Act, calling it a 'corrupt' bill

WASHINGTON, D.C. — Three Democrats from the U.S. Senate argued there are "lots of reasons" to oppose the currency crypto legislative effort even as advocates of the Digital Asset Market Clarity Act seek to craft a version that will win enough yes votes from Democrats to clear the Senate's 60-vote hurdle.

Senators Chris Murphy, Chris Van Hollen and Jeff Merkley had already been openly critical of the crypto regulation bill, and on Tuesday they further solidified that position that's also associated with Senator Elizabeth Warren. At a press conference on Capitol Hill, the trio called for taking a political stand against the bill, focusing on President Donald Trump's personal crypto profits as a major red flag.

Senator Van Hollen, a Maryland Democrat who serves on the Senate Banking Committee, called the Clarity Act a "corrupt piece of legislation that will do a lot of harm."