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Senator Elizabeth Warren has raised alarms over proposed crypto legislation, warning that lax regulations could enable crime, terrorism, and economic instability. She criticized bills like the Clarity Act for favoring crypto firms over public safety. Warren also cautioned against companies bypassing SEC oversight by migrating to blockchain.
- Warren warns crypto bills like the Clarity Act could enable crime and terrorism due to weak oversight.
- She cautions that companies switching to blockchain may evade SEC rules, threatening market stability.
- Warren opposes political interference in Fed leadership, citing risks to financial confidence.
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