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Lummis Advocates for Clarity in Digital Asset Regulations

Guavy AI Editorial Team
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Senator Cynthia Lummis is pushing for the CLARITY Act, which aims to clarify regulatory frameworks for digital assets in the US.

The legislation seeks to prevent innovation from shifting overseas due to ambiguity in US regulations, with the goal of safeguarding innovation and investment in the country.

Lummis emphasizes that the debate is not just about crypto but also a broader question of US competitiveness in the digital space.

The CLARITY Act includes provisions for stricter measures against fraudulent platforms like Binance, allocates $150 million to the CFTC, and secures over 115 provisions in total.

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