The CLARITY Act in the U.S. is causing significant controversy with concerns about its impact on cryptocurrency regulation and national economic stability.
This act could allow companies listed on the NYSE to evade SEC regulations by digitizing assets on the blockchain, raising controversy over oversight and investor protection.
MAIN CONTENT
The CLARITY Act could weaken the SEC's power and negatively impact the U.S. financial market.
Many lawmakers and experts are concerned about allowing businesses to use blockchain to evade regulations.
Other related bills like the GENIUS Act and the Anti-CBDC Act are also being discussed to protect the financial privacy of citizens.
What is the CLARITY Act and why is it concerning?
The CLARITY Act allows companies to convert assets into tokens on the blockchain, thereby avoiding oversight by the U.S. Securities and Exchange Commission (SEC). According to Senator Elizabeth Warren, this will pose serious risks to the U.S. economy and diminish the value of the NYSE – one of the largest stock exchanges in the world.
This allows public companies like Meta or Tesla to bypass regulations designed to protect investors, leading to the risk of uncontrolled fundraising and increasing fraudulent activities.
“According to the bill, a publicly listed company like Meta or Tesla only needs to build stock on the blockchain to escape all SEC regulations. This is a serious issue for our economy.”
– Elizabeth Warren, Senator from Massachusetts, July 2025.
Expert opinions on token classification and the role of the SEC
SEC Commissioner Hester Peirce emphasized that the classification of tokens should not undermine the application of securities laws to cryptocurrencies. Many projects still require SEC oversight due to their relation to investment capital and centralized control, aiming to protect investor interests and enhance transparency.
Brad Garlinghouse – CEO of Ripple, in a speech on July 9, 2025, stated that over 55 million U.S. citizens are participating in the cryptocurrency economy with a total market capitalization of up to $3.4 trillion. He emphasized the necessity of a clear legal framework to safeguard the future of this industry.
A storm of controversy from lawmakers and consumer advocacy groups
The Americans for Financial Reform (AFR) and congressional representatives like Maxine Waters and Angie Craig have criticized the CLARITY Act for limiting the SEC's power, potentially increasing fraud in the cryptocurrency market. They argue that the bill tends to legitimize the interests of the cryptocurrency industry more than the interests of individual investors.
Related bills were passed during the Crypto Week in the U.S.
At the same time, the U.S. Congress also passed the GENIUS Act and the Anti-CBDC Surveillance State Act aimed at protecting citizens' financial privacy, hindering the issuance of central bank digital currency (CBDC) without proper oversight.
“Attaching the Anti-CBDC Surveillance State Act to the NDAA will ensure that unelected officials cannot turn the financial privacy of Americans into a surveillance tool akin to the Chinese state.”
– Tom Emmer, Deputy Majority Leader of the Republican Party in the House of Representatives, July 2025.
Representative Andy Harris stated that the Freedom Caucus in the House plans to discuss incorporating CBDC regulations into the CLARITY Act to enhance the protection of citizens' rights against government-run cryptocurrency projects.
The CLARITY Act and its application practice
Currently, the CLARITY Act has passed the House Agriculture and Financial Services Committees, but it is still uncertain whether it will be approved by the Senate. The debate surrounding this act reflects a clear division in views on cryptocurrency regulation and its impact on the U.S. financial market.
Frequently Asked Questions
What is the CLARITY Act?
This is a U.S. act aimed at regulating the cryptocurrency market, allowing the conversion of assets into tokens on the blockchain, but raising concerns about evading SEC regulations.
Why does Elizabeth Warren oppose the CLARITY Act?
She is concerned that large companies may evade the SEC, endangering investor safety and undermining the traditional stock market.
What role does the SEC play in cryptocurrency regulation?
The SEC oversees to protect investors, prevent fraud, and ensure transparency in cryptocurrency fundraising.
What are the purposes of the GENIUS Act and the Anti-CBDC Act?
These two bills aim to protect the financial privacy of citizens and prevent the issuance of central bank digital currency without appropriate oversight.
What legal challenges is the U.S. cryptocurrency market facing?
The main challenge is balancing blockchain technology innovation with protecting investors from easily evading securities regulations.
Source: https://tintucbitcoin.com/elizabeth-warren-canh-bao-rui-ro-tien-dien-tu/
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