US Senator Elizabeth Warren: The CLARITY Act May Allow Public Companies Like Tesla and Meta to Bypass SEC Oversight
According to ChainCatcher, citing a report from Cointelegraph, U.S. Senator Elizabeth Warren has issued a warning that if a bill aimed at regulating the cryptocurrency market becomes law, publicly listed companies may circumvent U.S. securities regulations.
During a Senate Banking Committee hearing on Wednesday regarding crypto market structure legislation, Warren, a senior member of the committee, stated that she supports digital asset regulation that strengthens the U.S. financial system, but expressed serious concerns about the Digital Asset Market Transparency Act (CLARITY Act) currently under review in the House of Representatives.
Warren pointed out that the bill could allow “non-crypto companies” to evade oversight by the U.S. Securities and Exchange Commission (SEC) through asset tokenization. Under the House bill, publicly listed companies like Meta or Tesla could completely bypass SEC regulation simply by putting their own shares on the blockchain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ-IIFL Finance rallies to a two-month high, boosted by Blackstone deal
The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales
Apple continues to stand out among major tech peers, largely avoiding the aggressive wave of capital expenditure associated with artificial intelligence (AI) infrastructure.
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times
In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.
Crypto prices
More
