Lawmaker statements and critiques

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Representative Angie Craig acknowledged that the Clarity Act is not perfect but emphasized the need for action to protect retail crypto investors.
Representative David Scott criticized the Digital Asset Market CLARITY Act for enabling crypto firms to bypass oversight and warned that the bill would task the Commodity Futures Trading Commission (CFTC) with responsibilities it is not adequately funded or equipped to manage, particularly regarding retail-facing investment products.
Critics expressed concern that the Clarity Act does not prevent President Trump and other top officials from financially benefiting from crypto business interests.

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Clarity Act passes first House committee vote

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