"Senator Elizabeth Warren Raises Concerns Over CLARITY Bill Impact on Tesla and Meta

Massachusetts Senator Elizabeth Warren raised concerns about the potential for publicly traded companies to evade US securities laws through tokenizing assets under the CLARITY Act. She also questioned Meta’s influence on the GENIUS Act. Ripple CEO Garlinghouse emphasized the need for a smart regulatory framework in the $3.4 trillion crypto market. Former White House ethics lawyer Richard Painter criticized conflicts of interest in regulating crypto, citing President Trump’s ties to the industry. Warren accused Republicans of giving industry handouts and ignoring Trump’s alleged corruption in the crypto space. Trump reportedly gained $620 million from crypto ventures.

Read more at CoinTelegraph: CLARITY Bill Could Allow Tesla And Meta To Evade SEC Rules