A dispute over the U.S. Senate’s digital asset regulation bill, the CLARITY Act, is intensifying again. Democratic Senator Elizabeth Warren (엘리자베스 워런) criticised the bill, saying it would make it easier to move criminal funds and would not prevent conflicts of interest tied to U.S. President Donald Trump’s cryptocurrency business. Republicans counter that the latest revision includes an ethics clause banning public officials from issuing and sponsoring digital assets.

Bitcoin Magazine reported on July 23 that Warren, in a video statement posted on X, said the latest CLARITY bill would make it easier for criminals, cartels and terrorists to move money and raise operating funds. She said it also fails to properly protect investors and the financial system.

She said the bill is expected to be brought to a Senate floor vote soon. She said the biggest loophole is that it does not stop Trump from using the presidency to make money from cryptocurrency businesses. "This is not regulation, it is special treatment," she said, adding the bill should be scrapped from the start.

The core of the controversy is the effectiveness of the ethics clause. A revision recently released by Senate Republicans includes a ban on federal officials and their family members issuing or sponsoring digital assets. Warren said this clause alone would make it difficult to resolve conflict-of-interest issues involving Trump, but some users disputed her claim, saying the ethics rule is already reflected in the bill.

The Trump family’s cryptocurrency businesses have also come under scrutiny again. Warren has maintained a critical stance toward the crypto industry and has recently urged an investigation into the Trump family’s crypto businesses. In Washington, some have raised the possibility of conflicts of interest over Trump earning profits through digital asset businesses such as the meme coin TRUMP and World Liberty Financial after promising pro-crypto policies during the presidential election campaign. Trump and the White House have repeatedly denied such suspicions.

The debate over the CLARITY bill is spreading to the financial sector. Republicans are speeding up efforts to pass it by circulating revisions ahead of a floor vote, but banks are voicing concerns about stablecoin provisions. They say allowing companies to provide rewards to stablecoin holders could pull deposits out of banks and weaken lending capacity.

Still, large banks have offered the first public expression of support. Goldman Sachs Chairman and Chief Executive David Solomon (데이비드 솔로몬) said on July 24 that he supports the CLARITY bill, lending momentum to its passage.

The CLARITY bill is emerging as a key issue that goes beyond its original aim of setting up a digital asset regulatory framework. It has become entangled with controversy over Trump’s conflicts of interest, efforts to block criminal funds and competition in the financial sector over stablecoins. In the Senate vote, how effectively the ethics clause works and how much of the financial sector’s concerns are reflected are expected to be the biggest variables.