- XRP Army ridicules Warren’s stance on blockchain stock regulation fears.
- Warren’s crypto oversight warning triggers backlash from digital asset supporters.
- Tokenization debate heats up as XRP community rejects Warren’s claims.
U.S. Senator Elizabeth Warren has once again come under fire from the digital asset community after making critical remarks about recent crypto legislation. Her comments, targeting the Financial Innovation and Technology for the 21st Century Act (FIT21), have ignited backlash, particularly from XRP supporters.
In a clip shared by Crypto Eri on X, Warren expressed concerns that the FIT21 bill could allow public companies like Meta or Tesla to bypass regulatory oversight by issuing tokenized shares on blockchain networks. She warned that such actions would strip the U.S. Securities and Exchange Commission (SEC) of its authority over these assets.
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Warren claimed that companies using blockchain to tokenize stocks could avoid the regulatory protections currently required in traditional markets. She also raised alarms about national security, investor risk, and overall financial stability. Her remarks quickly drew criticism from across the crypto community.
Robinhood CEO Vladimir Tenev responded by defending the shift toward blockchain-based financial infrastructure. Tenev said innovation is often met with resistance, especially when it threatens long-standing market intermediaries. He noted that blockchain could offer faster, more efficient trading systems for both public and private equities.
XRP Community Floods Social Media With Reactions
The XRP Army responded to Warren’s comments with a wave of mockery and frustration, accusing her of misunderstanding blockchain technology. Under Crypto Eri’s post, users described her views as outdated and disconnected from modern financial trends.
Comments ranged from sarcastic memes to direct attacks on her regulatory stance. Some users questioned her relevance in shaping policy for emerging technologies, while others dismissed her concerns as fearmongering. Her past statements about building an “anti-crypto army” also resurfaced, fueling further criticism.
Many in the digital asset space see tokenization as a step toward financial inclusivity and efficiency. Warren’s remarks, however, were viewed as an attempt to stall progress by protecting legacy financial systems.
As blockchain adoption grows and lawmakers debate the FIT21 bill, tensions between crypto advocates and traditional policymakers continue to rise.
Conclusion
Elizabeth Warren’s warnings about SEC oversight and blockchain tokenization have sparked strong reactions from the XRP Army. With momentum building for digital asset legislation, her stance is being increasingly challenged by crypto supporters pushing for innovation and regulatory clarity.
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