[Senate Fails to Advance CLARITY Act, Warren Claims Trump Family Profited $1.4 Billion from Crypto] According to a report by Jinse Finance, on September 16, U.S. Senator Elizabeth Warren delivered a speech lasting over 10 minutes in the Senate, urging a vote against the CLARITY Act. She stated that Trump and his family profited $1.4 billion from crypto businesses in 2025 alone, surpassing the revenue of any publicly listed crypto company in the U.S. last year. Buyers of their crypto projects lost billions of dollars, with meme coin buyers losing nearly $4 billion. The Senate failed to pass the procedural vote with a 49-50 result, falling 11 votes short of the 60 needed to begin debate. No Democrats voted in favor of advancing the bill. Warren claimed the bill would exacerbate Trump’s corruption and criticized the ethical provisions negotiated between Republicans and the White House as a "fig leaf," stating they would not prevent Trump from continuing to profit from crypto. Warren also argued that the bill would create a massive loophole in nearly a century of securities law, allowing non-crypto companies to tokenize assets to evade investor protections. It would also enable banks to use customer deposits for crypto lending, trade derivatives, operate nodes, and sell related software.