US Senator Calls for Anti-Corruption Provisions in Crypto Bills

Senator Elizabeth Warren criticized the SEC's $10 million settlement with Tron founder Justin Sun, alleging the agency was giving him a "free pass" after he allegedly invested $90 million in crypto ventures tied to former President Donald Trump and his family. Warren asserted that the SEC should not act as a "lap dog for Trump’s billionaire buddies" and insisted that any cryptocurrency legislation moving through Congress must include provisions to stop what she termed the President’s "crypto corruption."

This demand comes as the digital asset market structure bill, previously passed by the House as the CLARITY Act, is under consideration by the Senate Banking Committee, where Warren is the ranking Democrat. Key issues in the bill include provisions on tokenized equities, ethics, and stablecoin rewards. The Senate Banking Committee had previously postponed a markup session on the bill after Coinbase CEO Brian Armstrong stated the exchange could not support the legislation in its current form.

(Source：Cointelegraph)