Tell your Senators: STOP THE CLARITY ACT

Call BOTH of your Senators.

Call Script

My name is __________. I am a constituent, and my zip code is _______. I am a member of Indivisible SF.

I’m asking Senator Schiff/Padilla to reject dangerous industry-written crypto bills that put our financial system at risk. The crypto industry should play by the same rules as other financial actors. Congress should not give special treatment to powerful crypto billionaires who put our democracy at risk while leaving everyday people and the economy exposed.

I’m asking Sen Padilla/Schiff to block the CLARITY Act and oppose it if it comes up for a vote. I expect them to oppose this corruption. Thank you.

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Background

The CLARITY Act:

•  Locks in weak investor and consumer protections.

• Emboldens fraudsters and will allow crypto scams to flourish.

• Enables money laundering.

• Puts the financial system and entire economy at risk.

• Fails to hold President Trump, his family, and the crypto billionaires accountable for their spree of self-dealing and self-enrichment. The CLARITY Act will not actually create regulatory clarity. The industry-crafted bill legitimizes crypto’s bad practices under a paper-thin veneer of regulatory protection. It gives crypto access to all the benefits of mainstream finance with almost none of the protections and gives traditional Wall Street firms a free pass to jump into the crypto pool, despite the risks. And, Congressional passage of this bill will give ordinary investors—including workers saving for retirement—the impression that crypto is safe, when it is anything but.

• CLARITY benefits crypto companies and billionaires but exposes everyone else—including those that don’t use crypto—to the industry’s endemic fraud, scams, hacks, exploitation, and volatility.