Thu Jul 17 19:30:00 UTC 2025: **Here’s a summary of the text:**

Congresswoman Ayanna Pressley strongly opposes the CLARITY Act, arguing it will enable corruption and financial abuse within the crypto industry. She believes the bill lacks necessary consumer protections, creates conflicts of interest, weakens investor protection, and ultimately benefits those at the highest levels of power who have already profited significantly from crypto schemes. Pressley urges Congress to reject the CLARITY Act and instead pass legislation that is fair, transparent, and accountable, protecting investors and preventing financial abuse.

**Here’s the text rewritten as a news article:**

**Pressley Blasts “CLARITY Act” as a Boon for Crypto Corruption**

**WASHINGTON, D.C. -** In a fiery speech on the House floor, Congresswoman Ayanna Pressley (D-MA) today condemned the “CLARITY Act,” labeling it a “CALAMITY Act” that would pave the way for increased corruption and financial abuse within the cryptocurrency industry.

Pressley argued that the bill, which she claims lacks crucial consumer protections, would essentially legalize “self-enriching crypto schemes” that have already allowed high-ranking officials, including those in the White House, to amass significant personal fortunes.

“This bill gives a green light to self-enriching crypto schemes where officials at the highest levels of power, including in the White House, have generated hundreds of billions of dollars in personal profit,” Pressley stated. She further criticized the timing of the bill, citing the SEC’s recent reduction in enforcement actions against major crypto firms.

Pressley emphasized the need for crypto legislation that is “fair, transparent, and accountable,” advocating for measures that prioritize investor protection and prevent conflicts of interest. “The American people deserve crypto legislation that is fair, transparent, and accountable—not a bill that opens the floodgates to conflicts of interest and weakens investor protections,” she asserted.

Pressley echoed Ranking Member Waters’ concerns, urging her colleagues to oppose the CLARITY Act and demanding greater “moral and legislative clarity.”

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