According to the senator, a policy aimed at expanding the use of cryptocurrencies, including the Trump’s family of stabilcoins, leads American society along the path of chaos and financial manipulations.
The absence of clear rules for the release and turnover of digital assets in conjunction with simplification of regulation can lead to financial losses of crypto investors, as well as undermine the stability of traditional financial markets, Warren is sure. She believes that tokens like Trump raise questions about transparency and conflict of interests.
“These bills are nothing more than an attempt to enrich close associates, ignoring any potential risks for the US economy,” Warren curled.
The provisions of the Clarity bill on the distinction between the powers to regulate crypto acts between the securities and exchanges commission (SEC) and the commercial for trading in commodity futures (CFTC) can allow large public companies such as Tesla, tocenize their shares and place in the blockchain, which deprives the SEC of the possibility of control, cited the senator’s example.
The position of Elizabeth Warren finds support from some congressmen-republicans from the House of Representatives who, on Tuesday, June 15, joined the Congressments-Democrats and did not allow Trump’s cryptocurrency bills.
Source: Bits
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