Cortez Masto Statement on CLARITY Act Vote

Washington, D.C. - Today, U.S. Senator Catherine Cortez Masto (D-Nev.) released the following statement after voting against the motion to proceed to the CLARITY Act on the Senate floor:

"I worked with my Republican colleagues until the very last minute to negotiate a bill that would establish clear guardrails for the growing crypto industry. A goal I have previously supported by voting for the GENIUS Act. But despite Democrats' good faith efforts, Republican leadership shut down conversations at the last minute and critical provisions remain unresolved," said Senator Cortez Masto. "This version of the CLARITY Act is a step backwards from the language passed out of the Banking, Housing, and Urban Affairs Committee and clearly undermines law enforcement's ability to both investigate crypto crimes and to ensure bad actors cannot use crypto for illicit finance. The bill would allow prediction markets to continue to perpetuate illegal gaming operations that ignore state and Tribal law. The legislation also doesn't go far enough to address key ethics issues. I've been clear from the beginning about my position, and I'm disappointed that Republican leadership refuses to accept such commonsense solutions."

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