Lori Trahan
@RepLoriTrahan
Crypto is here to stay. That’s why we can’t afford to wait any longer to establish guardrails that protect consumers and bring long-overdue transparency to this rapidly evolving industry.
I voted YES on the GENIUS Act because it’s a meaningful step toward ensuring that Americans who choose to invest in stablecoins are protected from fraud and abuse. This bill is far from perfect and more must be done to confront the blatant corruption we’re seeing from Donald Trump, who has shamelessly used his position as President to line his pockets with millions in crypto. I’ll keep fighting for strong anti-corruption legislation to stop the kind of self-dealing that’s happening in plain sight.
I voted NO on the CLARITY Act. I support a regulatory framework that distinguishes between digital assets, fosters innovation, and promotes responsible growth, but this bill simply doesn’t get us there. It’s riddled with loopholes and carveouts that leave everyday investors exposed to the kinds of volatile, often fraudulent crypto schemes we’ve seen too regularly with memecoins. It fails to strike the right balance between innovation and consumer protection. As the bill moves to the Senate, it’s critical that our colleagues strengthen it, starting with ensuring that states like Massachusetts retain the authority to crack down on fraud and abuse.
I believe we can support innovation in the crypto space while standing firmly against the predatory practices that have taken root in the absence of meaningful oversight. The future of digital assets should be built on transparency, accountability, and protections for everyday investors. That’s the balance I’ll keep fighting for.
2025-07-17T20:53:09.000Z