Senator Elizabeth Warren is stepping up her call for strict cryptocurrency regulation, worried that industry-backed legislation can undermine consumer protections and weaken oversight.
She is calling for measures that exclude corporate influence from policy-making and keep public servants from holding financial interests that could sway their decisions.
Warren Rejects Industry-Written Rules
In her recent remarks, Warren opposed pro-crypto legislation including the GENIUS Act and the CLARITY Act , referring to them as “gifts” for the big players in the digital asset space.
Her reasoning is that these bills would create holes in accountability along with further empowering large corporations. Her stance is Congress—and not the crypto world—should be the one to create legislation gove