r/ZoomexGlobalExchange

TL;DR: Warren is completely butt-hurt because her strategy of pressuring Gary Gensler to regulate crypto by enforcement failed and made her look ridiculous. Like a total Karen, when she got publicly embarrassed, she doubled down by attacking her own party through the Clarity Act. She is now aggressively waving her finger at Sen. Gillibrand (D-NY) for working on a bipartisan bill that a ton of other Democrats actually support. Even though Whitehouse divestment is achievable, apparently, having no rules is better than just policing an industry by self appointed community watch groups.

Sen Warren is personally leading the charge to torch the bill. Because she couldn't get her own party to kill it, she is using outside activist groups as a weapon to circulate a nasty letter in the Senate hitting Gillibrand below the belt over her son’s crypto ties. Warren is screaming that Democrats will "lose their moral authority" against if Gillibrand is allowed to broker the final compromise.

This has forced Warren into a bizarre, hypocritical alignment with traditional banking lobbies. And yeah—counter to popular belief in the crypto industry, Warren has historically been a massive adversary to Dimon and the big banks. But this is a case of a Karen who looked foolish, cost her party a significant constituency in the last election, and is now acting out by trying to over-determine her own party's legislative agenda just to save face.

More here: https://www.yahoo.com/news/politics/articles/clarity-act-ethics-fight-targets-164100845.html