The post Sen. Warren Warns Trump’s New Crypto Bill Could “Blow Up” U.S. Economy appeared first on Coinpedia Fintech News
U.S. Senator Elizabeth Warren is turning up the heat on crypto, yes, again!
In a recent statement, Warren warned that a set of new crypto bills, including the controversial CLARITY Act, could “blow up our entire economy” if passed without stronger protections. Her comments come as the U.S. House of Representatives moves forward with several major proposals that could reshape crypto regulation.
‘Crypto Week’ has been going strong. Where are her comments coming from? Let’s explore.
What’s the CLARITY Act and Why Is Warren Worried?
The CLARITY Act, one of three bills advanced by the House this week, includes a provision that Warren says would let public companies bypass SEC oversight simply by moving their stocks onto the blockchain.
“Under the House bill, a publicly traded company like Meta or Tesla could simply decide to put its stock on the blockchain and – poof! – it would escape all SEC regulation,” Warren said.
She believes this would allow big corporations to raise capital without proper checks, reduce investor accountability, and create serious risks for financial markets.
She also accused crypto lobbyists of shaping weak regulation that puts the broader economy at risk.
A Historic Vote and a Deepening Divide
The House vote on these crypto bills lasted nearly 10 hours, the longest in its history, reflecting how divided lawmakers are over crypto regulation.
Alongside the CLARITY Act, the GENIUS Act and the Anti-CBDC Surveillance State Act were also passed in the procedural vote. All three bills are now headed to the Senate, but their future remains uncertain.
Democrats like Maxine Waters and Angie Craig have pushed back, arguing the CLARITY Act would strip power from the SEC and put retail investors at risk. Advocacy group Americans for Financial Reform also said the bill could increase scams and fraud in the crypto space.
Crypto Industry Push
Not everyone agrees with Warren. Ripple CEO Brad Garlinghouse recently pointed out that over 55 million Americans are already active in crypto and said a clear regulatory framework is long overdue.
President Donald Trump has also supported the bills and expects them to reach his desk. Reports suggest his personal crypto holdings have surged by over $620 million, further fueling debate around political interests tied to the sector. In fact, that’s one of the biggest areas of tension.
What Happens Next?
The spotlight now shifts to the Senate, where the bills will face more scrutiny. Whether they pass or not will be seen but crypto regulation in the U.S. is headed for a major turning point.
And for Warren, she’s made her point clear. Without strong guardrails, crypto poses a risk to investors and could endanger the entire economy.