Lummis Pushes for Clarity on Digital Assets with CLARITY Act
Senator Cynthia Lummis is pushing for swift passage of the CLARITY Act to establish a regulatory framework for digital assets in the U.S. She warns that without this legislation, the country risks losing innovation, investment, and jobs to other countries.
The CLARITY Act is gaining momentum in Washington, with critical hearings scheduled to discuss its impact on the financial industry. The House Financial Services Committee is set to hold a hearing on July 17 in New York to examine the legislation's implications for digital asset regulation.
Lummis emphasizes that the U.S. could lose innovation without this legislation, highlighting the urgency surrounding the Act and the growing concerns over the country's position in the global digital asset landscape.