EddieJayonCrypto
11 Aug 25
Massachusetts Senator Elizabeth Warren called for urgent, independent cryptocurrency regulation, opposing industry-led rule-making and advocating limits on elected officials trading crypto to avoid conflicts of interest. She criticized current weak restrictions and voted against the GENIUS Act, seek...
During a recent MSNBC interview, Massachusetts Senator Elizabeth Warren highlighted the urgent need for cryptocurrency regulation. She emphasized that such regulations should not be crafted by the cryptocurrency industry itself, advocating instead for independent oversight. Warren also pointed out the necessity of limiting elected officials' ability to trade cryptocurrencies, aiming to prevent conflicts of interest and potential abuses.
Furthermore, Warren stressed the importance of implementing guardrails to protect the broader economy from the risks posed by unregulated crypto activities. She criticized the current landscape, describing existing restrictions as weak and insufficient. Notably, she voted against the GENIUS Act in June, underscoring her call for stronger legislative measures.
On a positive note, Justin Slaughter, vice president of regulatory affairs at Paradigm, welcomed Warren's stance as a constructive step. He observed that despite her historic critiques of cryptocurrencies, Warren is now openly supporting regulation. Slaughter also clarified that Warren did not oppose the main stablecoin bill during the conversation, but rather expressed a desire for additional provisions to improve market structure legislation.