Warren warns Clarity Act amendment may worsen Trump's conflicts of interest

U.S. Democratic Senator Elizabeth Warren, a prominent critic of cryptocurrency, has reiterated her call for the inclusion of conflict-of-interest provisions for senior public officials in a proposed amendment to the Clarity Act. In a post on X, Warren stated that the amendment released by Republicans on the Senate Banking Committee could exacerbate the "massive conflict of interest" issues surrounding President Donald Trump and his family's involvement in cryptocurrency businesses. She emphasized that no bill should pass the committee unless it includes "real ethical guardrails." The Clarity Act is scheduled for a markup session, which includes deliberation and a vote, by the Senate Banking Committee at 2:30 p.m. UTC on May 14. Warren and other Democratic lawmakers have consistently demanded the addition of such conflict-of-interest rules to the legislation.