Senator Lummis Backs CLARITY Act Ahead of August 7 Senate Deadline

Senator Cynthia Lummis is backing the CLARITY Act, which missed its original July 4 target and now faces an August 7 Senate deadline. Lummis argues the legislation is crucial for determining whether the United States leads the next era of financial innovation. The act seeks to establish legal certainty by defining which digital assets qualify as securities and which fall under commodity regulation, addressing years of regulatory uncertainty in the sector.
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