[Senator Warren Opposes the 'CLARITY Act,' Citing Significant Loopholes in Latest Ethics Provisions] BlockBeats News, September 15, according to CNBC, U.S. Senate Banking Committee Democratic lead Senator Elizabeth Warren is set to deliver a speech on Monday evening opposing the crypto market structure legislation, the 'CLARITY Act.' The Senate is scheduled to hold a critical procedural vote on Tuesday afternoon, with the bill requiring at least 60 votes to advance. Republican leaders released an updated version of the text on Sunday night, incorporating ethics provisions requested by Democrats. These provisions aim to prohibit the U.S. President and other senior government officials from issuing digital assets and allow state attorneys general to enforce related regulations. However, Warren has labeled these provisions as a 'weak fig leaf,' arguing that they fail to prevent Trump from continuing to profit from crypto-related businesses. Warren believes the new provisions could enable Trump-appointed officials to halt enforcement actions and contain loopholes that allow him to continue profiting from ventures like World Liberty Financial. She also plans to seek unanimous Senate consent to pass the 'Ending Presidential Banking Corruption Act,' which would restrict the President, Vice President, and related officials and their families from obtaining banking licenses and revoke such licenses issued to relevant individuals since January 20, 2025. The proposal is expected to face significant opposition in the Republican-controlled Senate. [Original Link]