This development sets the stage for a major crypto policy clash in the U.S. Senate.

On one side, Senator Elizabeth Warren is positioning herself as a strong opponent of the CLARITY Act, portraying it as overly favorable to the crypto industry and potentially opening doors for corruption or political exploitation of digital assets. Her comments suggest she’ll push hard to rally fellow Democrats against it.

On the other side, Republican leaders on the Senate Banking Committee want to push the bill through by September 30, framing it as essential for providing regulatory certainty — especially around the split roles of the SEC and CFTC in overseeing digital tokens.

Key points worth noting:

The GENIUS Act (payment stablecoin regulation) is already law, meaning the next big fights will center on broader market structure rules and potentially a U.S. CBDC framework.

The White House task force under Trump has already given recommendations that lean toward defining clear classifications for crypto assets, which could shape how both agencies regulate.

The taxonomy issue is central — without clear definitions of what counts as a security vs. commodity vs. other token type, enforcement and compliance will stay messy.

If the CLARITY Act moves forward, it could bring the first comprehensive federal framework for U.S. crypto markets — but if Warren’s coalition blocks it, the patchwork of enforcement actions will likely continue into 2026.

If you want, I can map out three possible scenarios for how this Senate debate could unfold and what each would mean for crypto markets.