Crypto
Lummis Warns of Lost Jobs, Innovation if CLARITY Act Fails
Senator Cynthia Lummis is urging swift action on the CLARITY Act to preserve U.S. leadership in digital asset innovation.
The Act aims to establish a clear regulatory framework for digital assets, which is crucial as the crypto industry evolves rapidly.
Lummis warns that without the Act, innovation and investment in digital assets may move overseas, impacting U.S. jobs.
The legislation has undergone 11 months of negotiations, resulting in over 300 pages being added at the request of Democrats.