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Senate to Vote on CLARITY Act Before August Recess, Says Digital Assets Subcommittee Chair Lummis

GateNews
Regulation & Policy

According to Senate Digital Assets Subcommittee Chair Cynthia Lummis, the Senate will vote on the CLARITY Act before senators begin their August recess. The legislation aims to divide federal crypto regulatory responsibilities and covers ethics, enforcement, consumer protection, and market certainty.

Negotiations around the bill have continued for 11 months, with Democrats proposing over 300 pages of amendments. Discussions remain focused on sections related to the Commodity Futures Trading Commission (CFTC), enforcement provisions, and senior federal official ethics rules.

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