With so much noise around the bill on both sides, why are traders currently so worried?

Criticism of CLARITY Act Goes Viral

While supporters argue the bill would bring long-sought regulatory certainty to the sector, critics say it entrenches government and corporate control over digital assets.

In a now widely shared X post, crypto trader Aaron Day wrote:

"Every crypto bro cheering this bill is either on Coinbase's payroll or can't read."

"I read all 278 pages. You're getting played," he added.

Day, who says he has been involved in crypto since 2012, accused lawmakers of using regulatory clarity as a pretext for expanding oversight and surveillance.

"Trump promised to make America 'the crypto capital of the world.' His party just delivered a surveillance framework that would make the CCP blush," he wrote.

"Monitoring" Allegations

The post, which has been shared thousands of times, claims the legislation would mandate real-time transaction monitoring, force widespread registration across the crypto industry, and effectively eliminate anonymous participation.