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Sen. Warren Warns Trump’s New Crypto Bill Could “Blow Up” U.S. Economy, CZ Reacts

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Zafar Naik and Qadir AK

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.

CZ Fires Back: “NYSE Isn’t the Whole Economy”

Binance co-founder and former CEO CZ weighed in on Warren’s latest comments, calling out her claim that letting companies like Amazon or Meta move their stocks to the blockchain would destroy the U.S. economy.

Responding on X, CZ noted that the NYSE is “just one company” with a ~$100 billion market cap, far smaller than Amazon’s $2.4 trillion. “The NYSE does not equal the U.S. economy,” he said, pushing back on the idea that decentralizing stock trading would unravel financial markets.

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. 

FAQs

What is the CLARITY Act in crypto regulation?

The CLARITY Act lets public companies put stocks on blockchain, bypassing SEC oversight.

What crypto bills did the U.S. House advance?

The House passed the CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act.

What’s next for the crypto bills after the House vote?

The crypto bills now head to the Senate for further debate and possible amendments.

Zafar Naik and Qadir AK

Zafar is a seasoned crypto and blockchain news writer with four years of experience. Known for accuracy, in-depth analysis, and a clear, engaging style, Zafar actively participates in blockchain communities. Beyond writing, Zafar enjoys trading and exploring the latest trends in the crypto market.

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