In Senate floor remarks published by the U.S. Senate Committee on Banking, Housing and Urban Affairs, ranking member Elizabeth Warren urged senators to oppose the Republican-led Digital Asset Market Clarity Act ahead of a procedural vote. Warren argued that Congress should pursue bipartisan crypto regulation but said the bill would weaken safeguards against political conflicts, illicit finance, fraud and financial instability. Warren contended that recently added ethics provisions would leave enforcement under federal control and allow restrictions to be waived, enabling President Donald Trump to retain or restructure crypto interests. She also argued that the bill would weaken securities protections for assets placed on blockchains, permit banks to undertake a broader range of crypto activities using deposits, and restrict state and tribal enforcement powers. Warren called for a bipartisan alternative with stronger anti-corruption, anti-fraud and national security protections.
2026-09-15U.S. Senate Committee on Banking, Housing and Urban Affairs
U.S. Senate Committee on Banking, Housing and Urban Affairs ranking member Elizabeth Warren urges rejection of the Clarity Act
U.S. Senate Banking Committee ranking member Elizabeth Warren urged senators to reject the Republican-led Clarity Act ahead of a procedural vote. She argued that its ethics provisions contain major loopholes and that the bill would weaken safeguards covering illicit finance, securities, bank crypto activities and state and tribal enforcement.