Will Elizabeth Warren End XRP? Here’s What Happened

The Digital Asset Market CLARITY Act passed the Senate Banking Committee on May 14 in a 15-9 vote. It was a major step toward regulatory clarity for the entire crypto industry, and for XRP in particular.

But not everyone is celebrating. Prominent XRP commentator and Crypto Crusaders creator Levi Rietveld has pushed back hard against Senator Elizabeth Warren’s opposition to the bill.

Warren Speaks Out

In a recent video, Rietveld played a clip of Warren speaking out against the legislation. Speaking on the CLARITY Act, Warren stated, “it pushes more of the market into crypto and removes protections for investors and removes recourse for victims. That is the wrong direction to go in. When this blows up in the economy, I hope everybody remembers.”

Rietveld took issue with that position. He argued that Warren is using crypto as a scapegoat for broader economic concerns, pointing out that she ignores what he considers far more pressing risks. “She’s ignoring AI here in her arguments,” he said, “which arguably is far worse with all the capital expenditure and how these companies are spending their money.”

Other Concerns on the Table

He also pointed to the increase in Treasury yield as a more significant concern. In his view, Warren’s negative focus on crypto serves a strategic purpose. She is positioning it as the cause of any future economic downturn to justify heavier regulation down the line.

Rietveld went further, arguing that Warren’s push for more crypto restrictions ultimately benefits large banks. “They would like nothing more than to have less competition and to shut down the crypto industry,” he said.

The Amendments That Failed

Before the committee vote, Warren submitted more than 40 amendments to the CLARITY Act. Several targeted XRP directly. One sought to remove the bill’s grandfather clause, which grants automatic commodity status to tokens already backing a U.S.-listed spot ETF or ETP as of January 1, 2026. Without it, XRP would have faced a decentralization test that Ripple’s substantial token holdings could have complicated.

Warren also pushed to block the Federal Reserve from granting master accounts to crypto firms, directly affecting Ripple. Another amendment sought to bar digital assets from retirement accounts. All of Warren’s amendments failed along party lines.

XRP After the Vote

The CLARITY Act, as passed by the committee, codifies XRP as a digital commodity. It establishes clear jurisdictional boundaries between the SEC and the CFTC. For XRP holders, it removes the regulatory overhang that has weighed on the asset and opens the door to more institutional capital. The bill now moves to the full Senate, where it will need 60 votes to advance.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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