Elizabeth Warren Warns Clarity Act Could Trigger US Economic Crisis
Summary
- Sen. Elizabeth Warren warned that passage of the Clarity Act could pose a serious risk to the US economy.
- Warren opposed the bill, saying changes to the crypto market regulatory framework could heighten risks to the financial system.
- She said the US could face an economic crisis if the Clarity Act passes, but did not provide a specific explanation or estimate of the potential damage.
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Sen. Elizabeth Warren warned that passage of the Clarity Act could pose a serious risk to the US economy.
Cointelegraph reported on September 15 that Warren argued the US could face an economic crisis if the Clarity Act is enacted.
Warren, who opposes the bill, said changes to the regulatory framework for the crypto market could heighten risks to the financial system.
She did not, however, provide a specific explanation of how it could lead to an economic crisis or estimate the scale of the potential damage.
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