U.S. Senator Elizabeth Warren delivered a speech in the Senate lasting over 10 minutes, urging a vote against the CLARITY bill. She stated that Donald Trump and his family alone made $1.4 billion from crypto ventures in 2025—more than the annual revenue of any publicly traded U.S. crypto company last year—and that investors purchasing his crypto projects lost tens of billions of dollars, with meme coin buyers losing nearly $4 billion. The Senate failed to pass the procedural vote by a margin of 49-50, falling 11 votes short of the 60 needed to begin debate, with no Democratic senators voting in favor of advancing the measure. Warren said the bill would exacerbate Trump's corruption and criticized the Republican and White House negotiated ethical provisions as 'a tiny Band-Aid,' stating they cannot prevent Trump from continuing to profit from crypto. She also noted the bill would create a massive loophole in the securities law for nearly a century, allowing non-crypto companies to tokenize assets to evade investor protections, and enabling banks to use customer deposits for crypto lending, derivative trading, node operations, and selling related software. [ChainCatcher]