The United States Senate Committee on Banking, Housing and Urban Affairs' Ranking Member Elizabeth Warren published a statement opposing the Republican majority’s new text of crypto market structure legislation ahead of a committee markup scheduled for 14 May. In the statement, Warren argued that the bill would put investors, national security and the financial system at risk and said it contains no provisions to address conflicts of interest linked to President Donald Trump and his family’s crypto activities. Warren said the President and his family had made at least USD 1.4 billion from crypto deals in one year in office and urged committee members not to support legislation that, in her view, does not address those conflicts.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-05-12
United States Senate Committee on Banking, Housing and Urban Affairs Ranking Member Elizabeth Warren opposes revised crypto market structure bill ahead of 14 May markup
The United States Senate Committee on Banking, Housing and Urban Affairs’ Ranking Member Elizabeth Warren issued a statement opposing the Republican majority’s new crypto market structure bill ahead of committee markup. She argued the bill would endanger investors, national security and the financial system, and criticized it for lacking provisions to address alleged conflicts of interest related to President Donald Trump and his family’s crypto activities, which she said generated at least USD 1.4 billion in one year.