Kirsten's Crypto Cousins: Progressives Sniff Conflict of Interest in Gillibrand's CLARITY Act Family Ties 🧐
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Kirsten's Crypto Cousins: Progressives Sniff Conflict of Interest in Gillibrand's CLARITY Act Family Ties 🧐

Three progressive organizations sent a letter Tuesday evening to every Democratic Senate office criticizing Sen. Kirsten Gillibrand over her son's ties to the crypto industry, complicating her effort to broker a compromise on the CLARITY Act's unresolved ethics provisions. Indivisible, Demand Progress, and the Revolving Door Project led the effort, signaling that Senate Democrats backing the bill now face an organized political campaign rather than a purely policy dispute. The letter portrays Gillibrand, chair of the Democratic Senatorial Campaign Committee, as vulnerable to the same criticism Democrats have directed at President Donald Trump's crypto ventures. The groups argued that attacks on Trump's crypto profits lose force if a leading Democratic negotiator has close family ties to the industry. Gillibrand has repeatedly called for elected officials and their spouses to avoid issuing or sponsoring digital assets. The CLARITY Act is the most comprehensive crypto market structure bill proposed in the United States and would require 60 votes in the Senate to advance, a threshold that leaves negotiators little room for defections as the timeline tightens.

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Publishercryptonewsroom.xyz
Published
CategoryRegulation

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