Crypto wanted clarity. Is it getting Chair Warren? Elizabeth Warren, one of crypto's most vocal critics in Congress, is now in line to chair the Senate committee that advanced…
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Crypto wanted clarity. Is it getting Chair Warren? Elizabeth Warren, one of crypto's most vocal critics in Congress, is now in line to chair the Senate committee that advanced GENIUS and CLARITY. Sh…
Crypto wanted clarity. Is it getting Chair Warren? Elizabeth Warren, one of crypto's most vocal critics in Congress, is now in line to chair the Senate committee that advanced GENIUS and CLARITY. She once said Bitcoin is "just belief," and opposed both bills. Democrats won the Senate on Tuesday, and as the committee's top Democrat, she is expected to take over in January. As chair, she would set the committee's agenda, including which bills get hearings and votes. But most bills would still need 60 votes to clear the Senate, and Trump could veto them. Her views on crypto are on the record: 2023: Chinese suppliers sold fentanyl precursors for crypto, "enough fentanyl to kill nearly 9 billion people." 2024: Crypto is "helping terrorists." 2026: The CLARITY Act would "blow a hole in our securities laws that have protected investors since 1929." 2026: Trump and his family have amassed "$1.4 billion in gains from crypto deals alone" since taking office. On the day of the CLARITY vote, she said its ethics provisions had "massive loopholes in them that would allow Trump to continue juicing his crypto empire." It then failed a key procedural vote 49 to 50, with no Democratic support and four Republicans voting no. Now House Democrats are discussing their own crypto bill, with ethics limits on Trump likely, per Eleanor Terrett.
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