Senator Elizabeth Warren has issued a strong warning against the proposed CLARITY Act, following an endorsement from Sam Bankman-Fried, the former FTX CEO currently serving a 25-year prison sentence for fraud. Warren highlighted Bankman-Fried's support as a significant red flag, suggesting it underscores potential dangers within the bill. Bankman-Fried praised the CLARITY Act on social media, describing it as a victory against the SEC and crediting former President Donald Trump. Warren, a vocal critic of the cryptocurrency industry, emphasized the need for regulatory frameworks that prioritize consumer protection over industry growth, warning that any crypto market structure bill must safeguard investors and the financial system.