Lummis Pushes Back Against Criticism Over CLARITY Act Crypto Regulations

Senator Cynthia Lummis defended the CLARITY Act against criticism from some Democratic lawmakers who claim it could weaken their criticism of President Trump's crypto interests.

Lummis argued that the bill already contains provisions requiring Trump to either divest his digital asset holdings or place them in a blind trust, addressing concerns about potential conflicts of interest.

The senator framed the debate as a broader need for crypto market regulation, warning that delaying the legislation could leave consumers vulnerable if crypto platforms fail without clear market rules.