Warren: Still Pushing for Crypto Legislation, But Not the Current Version of the CLARITY Act

PANews, September 16 news, according to The Block, after the Senate procedural vote on the CLARITY Act failed to reach the 60-vote threshold, Democratic Senator Elizabeth Warren stated she remains determined to push for cryptocurrency legislation but does not support the current version. She called the bill Washington's "first substantial crypto regulatory opportunity," but any legislation must include rules on public officials' crypto investments, protect national security and consumers, and strengthen efforts to combat illicit finance and terrorism. If Democrats retake the Senate in the November midterm elections, Warren would become chair of the Banking Committee, and she said she would be willing to lead bipartisan and industry consultations on legislation at that time. Prediction market Kalshi gives Democrats a 52% probability of winning the Senate.