SENATOR WARREN SPOKE IN FAVOUR OF ENCRYPTION LEGISLATION, BUT OPPOSED THE CLARITY BILL

On 7 August, United States Senator Elizabeth Warren (Elizabeth Warren) stated that she supported the promotion of money-encrypting-related legislation, but did not support the current CLARITY Act, which did not adequately address key issues such as corruption, consumer protection, national security and economic risk. Warren noted that the encryption industry needed a clear regulatory framework, but that regulatory programmes must ensure investor interests and financial system security. In her view, the CLARITY bill was inadequate in preventing conflicts of interest, protecting consumers and reducing potential systemic risks。