US Congressman: CLARITY Act may allow listed companies such as Tesla and Meta to evade SEC regulation

According to Golden Finance, US Senator Elizabeth Warren has issued a warning that if a bill aimed at regulating the cryptocurrency market becomes law, listed companies may bypass the regulation of US securities laws. At the hearing of the Senate Banking Committee on Wednesday regarding legislation on the structure of the cryptocurrency market, Warren, a senior member of the committee, expressed her support for digital asset regulation that would enhance the US financial system, but raised serious concerns about the Digital Asset Market Transparency Act (CLARITY Act) currently under consideration by the House of Representatives. Warren pointed out that the bill may allow "non crypto companies" to circumvent the regulations of the US Securities and Exchange Commission (SEC) through asset tokenization. According to the bill in the House of Representatives, listed companies like Meta or Tesla can completely escape SEC regulation by simply putting their own stocks on the blockchain.