U.S. Democratic Senator Elizabeth Warren plans to deliver a Senate speech criticizing the CLARITY Act. According to Foresight News, her prepared remarks say the bill's latest ethics provisions are a weak fig leaf and cannot stop U.S. President Donald Trump from continuing to profit from crypto businesses.

The remarks say the enforcement mechanism would be controlled by politically appointed officials, contains major loopholes, and would not apply to Trump's new bank. They also say the bill would expand his crypto footprint and strengthen links between USD1 and the U.S. financial system.