U.S. Senator Elizabeth Warren said she still wants to see crypto regulation enacted into law, but does not support the current version of the Clarity Act. Warren called the bill Washington’s first chance at what she described as “meaningful crypto regulation,” while adding that any final legislation must include several core elements. Those include rules governing crypto investments by public officials, protections for national security and consumers, and stronger measures against illicit finance and terrorist financing. Her stance could carry added weight next year if Democrats regain control of the Senate after the November election. In that scenario, Warren could become chair of the Senate Banking Committee, one of the key congressional panels involved in digital asset legislation. The report also cited Kalshi’s prediction market, which currently shows a 52% probability of Democrats retaking the Senate. Asked whether she would take the lead on crypto legislation if she headed the committee, Warren said she would be willing to do so and said she was open to working with Democrats, Republicans, and the industry on a bill.
U.S. Democratic Senator Elizabeth Warren said she still wants to push a crypto regulatory bill into law, but does not support the current version of the Clarity Act.
Warren said the Clarity Act represents Washington’s first opportunity for what she called “meaningful crypto regulation.” At the same time, she said any bill must include several core elements: rules on crypto investments by public officials, protections for national security and consumers, and stronger action against illicit finance and terrorist financing.
Her position may become more important next year. If Democrats retake control of the Senate after the November election, Warren could become chair of the Senate Banking Committee, one of the key bodies involved in digital asset regulation legislation.
The report added that Kalshi’s prediction market currently shows a 52% chance that Democrats will regain the Senate.
Asked whether she would lead crypto legislation if she were to head the Banking Committee, Warren said she would be willing to do so. She also said she is willing to sit down with Democrats, Republicans, and the industry to draft a crypto bill aimed at protecting national security, protecting the economy, and reducing corruption.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
