Democratic Senator Elizabeth Warren says she’s on board to help draft a new bill aimed at regulating the crypto market. Her comments come after the CLARITY Act failed to move forward in the Senate.

What Happened

Reporters asked Warren if she’d take the lead on crypto legislation if she ends up chairing the Senate Banking Committee. She said yes, she’s ready to step up.

Context

The CLARITY Act was pitched as a way to bring more oversight to digital assets, but it didn’t make it through. In light of that, Warren signaled she’s open to working on a new regulatory framework.

Why It Matters

Warren’s statement hints the Senate might rethink its approach to crypto rules after the CLARITY Act’s flop. No details on what a new bill might look like have been shared yet.