Elizabeth Warren Says CLARITY Act Passage Risks U.S. Economic Crisis
JH Kim
Summary
- Sen. Elizabeth Warren said passage of the CLARITY Act could pose a serious risk to the U.S. economy.
- Warren said the U.S. could face an economic crisis if the CLARITY Act passes, and that changes to the crypto market regulatory framework could increase risks to the financial system.
- Warren did not provide a specific path or an estimate of the potential damage behind her view that it could lead to an economic crisis.
Forecast Trend Report by Period
Sen. Elizabeth Warren warned that passage of the CLARITY Act could pose a serious risk to the U.S. economy.
Crypto media outlet Cointelegraph reported on September 15 that Warren argued the U.S. could face an economic crisis if the CLARITY Act becomes law.
Warren, who opposes the bill, said changes to the regulatory framework for the crypto market could increase risks to the financial system.
She did not, however, present a specific path by which the bill could lead to an economic crisis or estimate the potential scale of the damage.
JH Kim
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