Crypto
Lummis Warns Democrats: Pass CLARITY Act to Protect Consumers and Keep Crypto in US
US Senator Cynthia Lummis has urged her fellow Democrats to support the bipartisan CLARITY Act, warning against efforts that could delay or block legislation aimed at regulating digital assets.
Lummis argued that the bill would strengthen consumer protections while keeping cryptocurrency innovation and jobs within the United States. She noted that regulatory clarity is essential for businesses, providing them with clear legal standards that have been missing for years.
The CLARITY Act seeks to establish a comprehensive legal framework defining regulatory responsibilities and compliance expectations for blockchain companies, cryptocurrency exchanges, token issuers, stablecoin businesses, and institutional investors.