Sen. Warren Warns Trumps New Crypto Bill Could Blow Up U.S. Economy

Senator Elizabeth Warren is warning that new crypto bills, specifically the CLARITY Act, could harm the U.S. economy if passed without stronger protections. She argues the CLARITY Act would allow publicly traded companies to avoid SEC oversight by putting their stocks on the blockchain, potentially leading to less accountability and increased financial risks. The House of Representatives has passed the CLARITY Act along with the GENIUS Act and the Anti-CBDC Surveillance State Act, sending them to the Senate for consideration. The House vote lasted nearly 10 hours, showing deep division among lawmakers. Ripple CEO Brad Garlinghouse supports the bills, citing over 55 million Americans active in crypto and the need for regulatory clarity. Former President Trump also supports the bills and reportedly has over $620 million in crypto holdings. The bills now face scrutiny in the Senate.