The Trump family crypto grift moved into high gear by clearing an important legislative hurdle this week. The CLARITY Act officially moved out of committee and now goes to the Agriculture Committee before being paired with the House version and going for a final vote. Despite valiant attempts by Elizabeth Warren to put some guardrails and ethics provisions in place, the GOP shot them all down. Hundreds of millions in lobbying from the crypto industry has been sunk into a bill that has the potential to damage the banking system and enrich the President’s family. This is an update to an ongoing story about the ultimate financial heist happening in real time and right under our noses.

Resources

CoinDesk: Clarity Act Markup Session

Bloomberg: Quiet Token Sales Boosted Trump Crypto Wealth by $660 Million

CNBC: Crypto industry scores win as Clarity Act regulation bill clears Senate hurdle

Public Citizen: Big Crypto, Big Spending: Crypto Corporations Spend an Unprecedented $119 Million Influencing Elections

American Bankers Association: ABA Community Bankers Council Letter Urging Senators to Close the Stablecoin Loophole

Circle Stablecoin Reserve

Tether Stablecoin Reserve

Senate Banking Committee Markup News: Chairman Scott, Senate Banking Committee Advance Clarity Act in Historic Bipartisan Vote

UNFTR Resources

Episode: Trump Is Looting the Treasury.

--

If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com.

Become a member at unftr.com/memberships.

Buy yourself some Unf*cking Coffee at shop.unftr.com.

Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.

Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility.

The Trump family crypto grift moved into high gear by clearing an important legislative hurdle this week. The CLARITY Act officially moved out of committee and now goes to the Agriculture Committee before being paired with the House version and going for a final vote. Despite valiant attempts by Elizabeth Warren to put some guardrails and ethics provisions in place, the GOP shot them all down. Hundreds of millions in lobbying from the crypto industry has been sunk into a bill that has the potential to damage the banking system and enrich the President&rsquo;s family. This is an update to an ongoing story about the ultimate financial heist happening in real time and right under our noses.
Resources
CoinDesk: <a href="https://youtu.be/g_mJobre-6g?t=777">Clarity Act Markup Session</a>
Bloomberg: <a href="https://www.bloomberg.com/news/articles/2026-05-12/quiet-token-sales-boosted-trump-crypto-wealth-by-660-million">Quiet Token Sales Boosted Trump Crypto Wealth by $660 Million</a>
CNBC: <a href="https://www.cnbc.com/2026/05/14/clarity-act-congress-crypto-senate.html">Crypto industry scores win as Clarity Act regulation bill clears Senate hurdle</a>
Public Citizen: <a href="https://www.citizen.org/article/big-crypto-big-spending/">Big Crypto, Big Spending: Crypto Corporations Spend an Unprecedented $119 Million Influencing Elections</a>
American Bankers Association: <a href="https://www.aba.com/advocacy/policy-analysis/letter-to-the-senate-on-the-stablecoin-market">ABA Community Bankers Council Letter Urging Senators to Close the Stablecoin Loophole</a>
<a href="https://www.circle.com/usdc">Circle Stablecoin Reserve</a>
<a href="https://tether.to/en/transparency/?tab=reports">Tether Stablecoin Reserve</a>
Senate Banking Committee Markup News: <a href="https://www.banking.senate.gov/newsroom/majority/chairman-scott-senate-banking-committee-advance-clarity-act-in-historic-bipartisan-vote">Chairman Scott, Senate Banking Committee Advance Clarity Act in Historic Bipartisan Vote</a>
UNFTR Resources
Episode: <a href="https://www.unftr.com/episodes/unftr163">Trump Is Looting the Treasury</a>.
--
If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: <a href="https://unftr.com/rate">unftr.com/rate</a> and follow us on <a href="https://www.facebook.com/Unfucking-The-Republic-102319714930389">Facebook</a>, <a href="https://bsky.app/profile/unftr.com">Bluesky</a>,&nbsp;and <a href="https://www.instagram.com/unftrpod/">Instagram</a> at @UNFTRpod. Visit us online at <a href="https://www.unftr.com/">unftr.com</a>.
Become a member at <a href="https://www.unftr.com/memberships">unftr.com/memberships</a>.
Buy yourself some Unf*cking Coffee at <a href="https://shop.unftr.com/">shop.unftr.com</a>.
Visit our bookshop.org page at <a href="https://bookshop.org/shop/UNFTRpod">bookshop.org/shop/UNFTRpod</a> to find the full UNFTR book list, and find book recommendations from our Unf*ckers at <a href="https://bookshop.org/lists/unf-cker-book-recommendations">bookshop.org/lists/unf-cker-book-recommendations</a>.
Access the UNFTR Musicless feed by following the instructions at <a href="https://www.unftr.com/accessibility">unftr.com/accessibility</a>.

Unf*cking The Republic® (UNFTR) is dedicated to progressive politics, leftist economic theories, and social justice in the United States. Join us for deep dives into socialism, labor rights, climate justice, and the fight against inequality. Whether you're curious about Marxist ideas, modern social movements, or progressive policies, UNFTR delivers thoroughly sourced critiques, analyses, and interviews with the historical context mainstream media won't provide. Subscribe for informative and unabashedly progressive coverage of the leftist political and economic landscape.

Unf*cking The Republic&reg; (UNFTR) is dedicated to progressive politics, leftist economic theories, and social justice in the United States. Join us for deep dives into socialism, labor rights, climate justice, and the fight against inequality. Whether you're curious about Marxist ideas, modern social movements, or progressive policies, UNFTR delivers thoroughly sourced critiques, analyses, and interviews with the historical context mainstream media won't provide. Subscribe for informative and unabashedly progressive coverage of the leftist political and economic landscape.