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Cryptocurrencies

Congresswoman Lori Trahan Weighs in on Cryptocurrency Legislation

Strategic Insights

— 1 min read

Congresswoman Lori Trahan (MA-03) has issued a statement after the U.S. House of Representatives passed two key cryptocurrency bills: the S. 1582, the GENIUS Act, and H.R. 3633, the Digital Asset Market Clarity Act of 2025. Trahan expressed her support for the GENIUS Act, citing its importance in protecting consumers and bringing transparency to the rapidly evolving cryptocurrency industry. However, she voted against the CLARITY Act, stating that it fails to strike the right balance between innovation and consumer protection, leaving everyday investors exposed to volatile and often fraudulent crypto schemes.

Key Takeaways:

  • Congresswoman Lori Trahan (MA-03) issued a statement after the U.S. House of Representatives passed the S. 1582, the GENIUS Act, and H.R. 3633, the Digital Asset Market Clarity Act of 2025.
  • Trahan voted YES on the GENIUS Act, citing its importance in protecting consumers and bringing transparency to the cryptocurrency industry.
  • The Congresswoman voted NO on the CLARITY Act, stating that it fails to strike the right balance between innovation and consumer protection, citing its numerous loopholes and carveouts that leave everyday investors exposed.
  • Trahan emphasized the need for a regulatory framework that distinguishes between digital assets, fosters innovation, and promotes responsible growth while protecting everyday investors from predatory practices.
  • The Congresswoman believes that the future of digital assets should be built on transparency, accountability, and protections for everyday investors.
  • Donald Trump's alleged use of his position as President to line his pockets with millions in crypto was mentioned by Trahan as a blatant example of corruption that needs to be addressed.

Statistics:

  • The GENIUS Act was passed by the U.S. House of Representatives.
  • H.R. 3633, the Digital Asset Market Clarity Act of 2025, was also passed by the House.
  • Trahan voted YES on the GENIUS Act and NO on the CLARITY Act.
  • The Congresswoman has pledged to keep fighting for strong anti-corruption legislation to stop self-dealing by public officials.

Sources:

  • Trahan Statement on House Passage of Cryptocurrency Legislation
  • https://trahan.house.gov/news/documentsingle.aspx?DocumentID=3641

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