According to ChainCatcher and Cointelegraph, US Senator Elizabeth Warren warned that if a bill aimed at regulating the cryptocurrency market becomes law, listed companies might bypass US securities regulations.
At a hearing on cryptocurrency market structure legislation held by the Senate Banking Committee on Wednesday, Warren, a senior committee member, stated that while she supports digital asset regulation that strengthens the US financial system, she has serious concerns about the CLARITY Act currently under review in the House of Representatives.
Warren pointed out that the bill might allow "non-crypto companies" to circumvent SEC regulation through asset tokenization. According to the House bill, listed companies like Meta or Tesla could completely escape SEC oversight simply by placing their stocks on the blockchain.
