Amidst the rolling hills of legislative discourse, Massachusetts Senator Elizabeth Warren has cast a wary eye upon the tempestuous sea of cryptocurrency, suggesting that without the proper moorings, this vessel might very well capsize the grand ship of the U.S. economy. 🚢
With a voice as sharp as the quills of a porcupine, Warren has skewered major crypto legislative efforts, lamenting that she would not have the government sign off on “very weak regulation” that seems to have been penned by the very industry it seeks to govern. 📜
“They also don’t put enough safeguards in place for consumer protection… and guardrails to make sure that crypto isn’t used to blow up our entire economy. So I’m very worried about that,” she confided to Bloomberg, her brow furrowed with concern. 😟
The influential progressive Democratic has sounded the alarm that the CLARITY Act, with its provision allowing any company listed on the New York Stock Exchange to evade SEC oversight through the magic of digitalization, could spell disaster. 🌪️
On Wednesday, after a marathon 10-hour vote, the House passed a procedural measure by a vote of 220–209 to advance the package of three crypto bills to the House floor (the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act). Notably, this vote has now earned the dubious honor of being the longest in the history of the U.S. House of Representatives. 🏆
Addressing Powell Rumors
Warren, ever the vigilant guardian of the public interest, also voiced her concerns about the independence of the U.S. Federal Reserve, particularly in light of whispers about Chair Jerome Powell’s potential ouster. 🗣️
While she may not see eye to eye with Jerome on matters of monetary policy and regulatory oversight, Warren was firm in her stance that firing Powell would be a breach of the law. 📜
As reported by U.Today, the mere whisper of Powell’s early departure sent ripples through the crypto markets, with major cryptocurrencies briefly rallying on the news, likely buoyed by the prospect of a weakened U.S. dollar. 📈
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2025-07-17 10:45