Three Democratic senators held a press conference on Capitol Hill to oppose the Digital Asset Market Clarity Act, citing concerns over President Donald Trump's crypto profits.
Senators Chris Murphy, Chris Van Hollen and Jeff Merkley argued that the bill should not advance without provisions to address what they described as corruption linked to the president's personal crypto holdings.
Van Hollen called the legislation a "corrupt piece of legislation that will do a lot of harm." Murphy said the measure would be worthless without stopping Trump's influence and warned it could give "Trump's corruption the protection of law."
The senators spoke as negotiators work on a new draft expected as soon as Tuesday. The bill still needs broad Democratic support to clear a 60-vote threshold before the Senate's summer break.
Murphy highlighted disclosures showing Trump earned more than $1 billion from crypto in 2025 and described the president's activities as the "biggest corruption racket in the history of this country."
