Sen. Elizabeth Warren (D-Mass.) expressed concern on Wednesday over jailed fraudster Sam Bankman-Fried’s endorsement of a cryptocurrency market structure bill.
Warren Questions SBF’s Endorsement
Warren said in an X post that a person like Bankman-Fried endorsing the legislation—aka the CLARITY Act—from prison should “set off alarm bells.”
“Any crypto market structure bill must protect investors, our financial system, and American taxpayers,” the senior lawmaker added.
The CLARITY Act, which proposes to split cryptocurrency oversight between the SEC and the CFTC, sailed through the lower chamber last year. The bill remains stalled in the Senate.