Lummis was direct: administrative regulation can’t get around the legislative process— the Clarity Act is the real way forward

Coin World News: U.S. Senator Cynthia Lummis said that no regulatory rules can grant the CFTC regulatory authority over the digital asset spot market, add new sanctions powers against U.S. adversaries, or protect developers from improper lawsuits. She said that these matters can only be completed through legislation by Congress. She added that the Clarity Act is the only viable path to resolve the issues mentioned above.