Rep. Angie Craig is getting desperate. In 2025 alone, Americans lost $80 billion to crypto scams, according to an estimate from the Consumer Federation of America. Craig’s role as the high priestess of the Clarity Act epitomizes our nation’s pay-to-play activities. Waters and other senior Democrats like Connecticut Rep. Jim Himes wanted stronger protections in legislation to bar Trump from profiting off crypto. Adding to concerns about the Clarity Act, the National Consumers League pointed out that “the bill still contains a ‘DeFi Loophole’ that explicitly exempts developers of decentralized platforms.