Warren Says the CLARITY Act Will 'Blow Up the Economy' as Senate Panel Votes 15-9 to Advance Bill

Senator Elizabeth Warren launched a sweeping attack on the U.S. digital asset market structure bill during a Senate Banking Committee hearing on May 14, calling it an economic threat. The committee still voted 15-9 to advance the bill to the full Senate floor.

The Senate Banking Committee advanced the CLARITY Act 15-9 on May 14, 2026, despite Warren’s 44 amendments and sharp opposition.

Warren warned the 309-page bill would “blow up the economy” and “blow a hole” in investor protections dating to 1929.

A poll found 52% of Americans support the CLARITY Act, which now needs 60 Senate votes to clear the full chamber.

Warren arrived at the May 14 markup armed with 44 proposed amendments, none of which passed. Her objections centered on three claims, i.e., that the bill would “blow a hole in our securities laws that have protected investors since 1929,” that it allows companies to “opt out” of SEC regulation simply by going onchain, and that it “declares open season on defrauding American consumers who use crypto.”