Senator Elizabeth Warren: Supports crypto legislation, but the current Clarity Act is not enough

Odaily News: U.S. Democratic Senator Elizabeth Warren stated that she still hopes to push a crypto regulatory bill into law, but does not support the current version of the "Clarity Act."

Warren said that the "Clarity Act" is Washington's first opportunity to achieve "meaningful crypto regulation," but any bill must include several core elements: regulating public officials' crypto investments, protecting national security and consumers, and strengthening the fight against illicit finance and terrorist financing.

Her stance may become more critical next year. If Democrats regain control of the Senate after the November election, Warren could become chair of the Senate Banking Committee, one of the key institutions for digital asset regulatory legislation. The article mentions that the Kalshi prediction market currently shows a 52% probability of Democrats retaking the Senate.

When asked whether she would lead crypto legislation if she headed the Banking Committee, Warren said she is willing. She said she is willing to sit down with Democrats, Republicans, and the industry to craft a crypto bill that protects national security, protects the economy, and reduces corruption.