U.S. Senator Elizabeth Warren has intensified her campaign for stricter cryptocurrency regulations, warning that the current framework leaves the financial system exposed to corruption, economic instability, and criminal misuse.
Speaking in an interview with MSNBC, Warren described existing rules as “weak” and shaped by industry influence, arguing they fail to adequately protect consumers or prevent abuse. She called for measures that would bar elected officials from trading or engaging in crypto, referencing concerns over President Donald Trump’s close ties to the sector.
We need strong crypto regulation – not an industry giveaway that puts our economy at risk and supercharges President Trump’s corruption. pic.twitter.com/6sVbwMiSFf
— Elizabeth Warren (@SenWarren) August 10, 2025
“We need strong crypto regulation, not an industry giveaway that puts our economy at risk and supercharges President Trump’s corruption,”
she said, adding that restrictions are essential to curb use by terrorists and drug traffickers.
Her comments come just weeks after Congress passed three landmark crypto bills — the GENIUS Stablecoin Act, the Digital Asset Market Clarity (CLARITY) Act, and the Anti-CBDC Surveillance State Act — in what was hailed as a historic push for regulatory clarity. Warren opposed the legislation at the time, dismissing it as ineffective, but notably stopped short of attacking the new laws in her latest remarks.
Former SEC adviser and Paradigm policy chief Justin Slaughter noted that Warren’s stance marks a shift, as she now appears to accept the need for legislation while pressing for stronger safeguards in future market structure rules.
Critics continue to warn that Trump’s industry connections could create conflicts of interest in shaping policy. Warren, alongside Senators Chris Van Hollen and Ron Wyden, demanded answers from the Office of the Comptroller of the Currency (OCC) over what they call potential financial conflicts of interest involving President Donald Trump and his family’s deepening involvement in the cryptocurrency sector.
The senators expressed alarm over the Trump family’s crypto business ventures — including their ownership stakes in a stablecoin and DeFi platform — which they claim may pose serious risks to the integrity of U.S. financial oversight.
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