Elizabeth Warren Warns Clarity Act Passage Could Trigger US Economic Crisis

US Senator Elizabeth Warren has warned that passage of the Clarity Act could pose serious risks to the US economy, according to a report from cryptocurrency-focused media CoinTelegraph on Thursday (local time).

Warren, who opposes the legislation, raised concerns that changes to the regulatory framework for the virtual asset market could heighten risks to the financial system.

However, she did not specify the exact pathways through which an economic crisis might occur or provide estimates of potential damage in her remarks.