The Senate is considering the Clarity Act, a bill that would allow volatile cryptocurrency assets to recklessly access our pensions and retirement investments. This bill is bad for workers, putting working people’s financial security and retirement at risk—while also shielding crypto companies from serious oversight and regulation.
Make a call now! Say no to crypto gambling schemes with workers’ pensions and retirements. Call 507-501-5784 or fill out this form to be connected with your senators.
The bill would allow cryptocurrency issuers and platforms to opt out of stronger oversight by the U.S. Securities and Exchange Commission (SEC). Compared to the SEC, the Commodity Futures Trading Commission is not only understaffed, it also does not have a mandate to protect investors. This could hurt ordinary Americans and our pensions, while protecting the crypto companies who stand to gain from less oversight.
If passed, the Clarity Act would support the spread of cryptocurrency into our economy so completely that it would be very difficult for the average person to avoid it altogether. Exposing our retirement accounts and the economy to crypto billionaires’ games would help a small number of rich and powerful people make even more money, while putting the rest of us at risk.
Please stand with workers and tell your senators to vote NO on the Clarity Act.
It’s no wonder that President Trump wants to pass this bill. Crypto is the No. 1 vehicle for his corruption. Trump made $1.4 billion off of crypto last year, while the rest of us struggle to afford groceries and gas. A vote for this bill is a vote for Trump’s personal enrichment, at workers’ expense.
Please take a moment to make a call about an issue that’s incredibly important to working people and retirees.
Thank you for helping to secure workers’ futures in the face of greed and corruption.