Elizabeth Warren Demands Tighter Control Over the Cryptocurrency Industry in the US
Date: 2025-07-10 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
Elizabeth Warren has proposed a strict ban on all government officials, including the president, from participating in the issuance and promotion of digital assets, as well as from profiting from them. According to the senator, such restrictions are necessary to minimize corruption risks and eliminate conflicts of interest at high levels of government.
In addition, Warren proposed requiring crypto companies to undergo regular inspections and be held accountable for their evasion. For failure to comply with these requirements, she proposes introducing serious fines or even suspending the activities of organizations. According to her, this is the only way to ensure transparency and security for all market participants.
The senator criticized Republican attempts to soften regulation of the industry. She emphasized that the Clarity Act bill, promoted by Cynthia Lummis, Thom Tillis and Tim Scott, creates conditions that are too soft and only benefit lobbyists. In particular, the initiative proposes dividing digital assets into categories - securities and goods. At the same time, simplified issuance rules are established for tokens that fall under the definition of goods. Control over them is proposed to be transferred from the SEC to the CFTC, which significantly weakens oversight.
The bill also reduces registration and reporting requirements for a number of crypto companies, explaining this by the need to stimulate new technologies and the development of the sector. However, Warren is convinced that such concessions can lead to abuse. She stated that such initiatives put the interests of the cryptocurrency business above public ones and blur the standards that are mandatory for other financial institutions.
A discussion of the proposed changes should take place at the next meeting of the Senate Banking Committee. Warren urges colleagues to reconsider the approach to regulation so that the cryptocurrency market operates according to the same strict rules as traditional financial structures.
It is worth noting separately that Cynthia Lummis previously proposed introducing tax breaks for small transactions with digital assets - on her initiative, transactions up to $300 may not be subject to capital gains tax, and the total annual limit for such transactions will be $5,000. Warren also criticized this idea, believing that such concessions only play into the hands of large industry players.
Thus, the fight for the future of crypto regulation in the United States is gaining momentum. The confrontation between hard and soft approaches can determine how digital assets will develop in the coming years.
