Warren Slams CLARITY Act as 'Big Giveaway' to Crypto Industry

Senator Elizabeth Warren has spoken out against the CLARITY Act, calling it 'a big giveaway to this zillion-dollar industry.'

In a Capitol Hill interview on August 6, Warren said she supports federal legislation governing digital assets but rejects the current proposal.

The CLARITY Act prioritizes the cryptocurrency industry's interests over consumer protection, national security, and financial stability, according to Warren.

'Of course, we need crypto legislation,' Warren said. 'I've been saying this for a long time. I put together a crypto bill. But crypto legislation that has been written by the crypto industry to protect and advance the crypto industry… that's not good crypto legislation.'