Crypto rules must protect people, not strengthen corruption in the government: US Senator

Crypto rules must protect people, not strengthen corruption in the government: US Senator

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Senator Elizabeth Warren is stricting her call for strict Cryptocurrency Regulation, concerned that the industry -supported legislation can undermine the protection of consumers and weaken supervision.

She calls for measures that exclude business influence from policy -making and ensuring that civil servants keep financial interests that can influence their decisions.

Warren rejects rules written by the industry

In her recent comments, Warren opposed the pro-Crypto legislation, including the Genius Act and the Clarity ActRefer to them as “gifts” for the big players in the digital assets room.

Her reasoning is that these accounts would create gaps in account, together with the further empowerment of large companies. Her position is the congress – and not the crypto world – should be the one who creates legislation for industry.

In a speech for WNBC, Warren warned from “corruption” linked to elected representatives who benefit from crypto companies.

Warren pointed to connections to stablecoins And meme coins, which states that such associations can have an impact on the national policy that serves private interests at the expense of the public.

The anti-corruption framework subject government officials with cryptocurrency investments or crypto business relationships with strict disclosure and maintains compliance with more strength.

Stablecoins under the lens

In July 2025, Warren presented her extensive framework to regulate crypto market activities. It outlines five core priorities, including the application of existing securities protection to digital assets, while the regulatory structure of other markets is kept unchanged.

A central part of its plan focuses on Stablecoins. Her proposal would block major technology companies, including Meta – the parent of Facebook – from publishing digital currency.

The Senator argues that bringing in large technology companies to the Stablecoin space would endanger privacy and financial stability, which means that both consumers and the economy are at risk.

According to reports, its bill is aimed at keeping the systemic risk under control, while guaranteeing strict regulations and supervision for stablecoin -emendent.

BTCUSD now acts at $ 119,611. Graphic: Tradingview

US President Donald Trump goes in the opposite direction. In July 2025 he signed the Genius ActSetting up a federal stabilecoin regime with 100% reservebacking, monthly public reporting and provisions for consumer protection.

The legislation divides the power between state and federal supervisors, but still allows Stablecoin holders to enjoy insolvency schemes.

Warren insists that the emphasis must be on protecting ordinary people against financial threats and political manipulation.

She demands that crypto regulations are for the public interest, not to “strengthen corruption in the government” and warns that the participants in the industry can dictate the laws, will give a profit beyond accountability.

Featured image of Unsplash, graph of TradingView

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