US Senator Elizabeth Warren warns that unchecked digital asset markets could trigger economic instability and fuel government corruption.
The Massachusetts Democrat has emerged as one of Congress’s most vocal critics of industry-friendly legislation. She has reiterated the need for comprehensive cryptocurrency regulations.
Elizabeth Warren opposed bills such as the GENIUS Act and CLARITY Act, which she argues hand regulatory power to major crypto corporations while weakening oversight.
At a recent WNBC address she called for strict bans on elected officials trading or holding significant crypto investments.
She cited potential conflicts of interest tied to the president’s family businesses and their reported links to stablecoins and meme coins.
“Rules for the digital asset market should be written by Congress, not by the sector itself.”
Warren
Elizabeth Warren unveiled a legislative framework that outlines five priorities for regulating crypto markets.
The proposal would extend existing securities protections to digital assets and impose tighter disclosure requirements for public officials.
Elizabeth Warren calls for Stablecoin Regulation
Stablecoins are a central target of Warren’s plan.
The bill seeks to bar Big Tech companies, including Facebook’s parent Meta, from issuing digital currencies, citing risks to privacy, consumer protection, and financial stability.
Her push comes as former President Donald Trump advances a sharply different pro-crypto agenda. He recently signed the GENIUS Act to establish a federal stablecoin framework.
She is also fundamentally against measures such as a Strategic Bitcoin Reserve and permission for Americans to invest 401(k) funds in digital assets.
Trump’s actions aim to integrate crypto into mainstream finance. However, Elizabeth Warren insists that without robust, independent oversight, the sector could become a breeding ground for financial crises and political corruption.
