Warren Slams Crypto Bill as 'Sanctions Evasion' Ticket

Senator Elizabeth Warren has criticized the Digital Asset Market Clarity Act of 2025 (H.R. 3633), calling it a 'ticket to sanctions evasion'. The bill aims to divide oversight between the SEC and CFTC, create federal registration paths for crypto intermediaries, and set rules for digital commodities, trading platforms, brokers, and dealers.

The Massachusetts senator argues that the bill's treatment of decentralized finance and crypto intermediaries could leave gaps for sanctioned actors. This criticism is part of a broader debate in the Senate over how far crypto legislation should go on AML coverage, sanctions screening, foreign platforms, mixers, self-custody tools, and DeFi activity.

The bill has already been advanced by the Senate Banking Committee with a 15-9 vote on May 14. However, it still needs full Senate passage, coordination with Senate Agriculture language, House agreement if the text changes, and a presidential signature before becoming law.