Warren Warns CLARITY Act Passage Could Spark U.S. Economic Crisis

U.S. Senator Elizabeth Warren has expressed concerns that passage of the CLARITY Act could pose a serious risk to the U.S. economy, potentially leading to an economic crisis.

According to a recent report by Crypto media outlet Cointelegraph, Warren argued that changes to the regulatory framework for the crypto market under the bill could increase risks to the financial system.

Warren, who opposes the CLARITY Act, did not provide specific details on how the bill could lead to an economic crisis or estimate the potential scale of the damage.