Sen. Cynthia Lummis Slams Jamie Dimon for Misleading the Public Over the ClARITY Act
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Pro-crypto lawmakers say the Digital Asset Market Clarity Act of 2025 (CLARITY Act) would impose bank-like regulatory requirements, with Rep. Lisa McClain claiming at least 80% satisfaction and debate expected to continue for another month. Senator Cynthia Lummis, speaking on CNBC on June 3, 2026, accused Jamie Dimon of either not reading the bill or deliberately misleading the public, framing the bill as a regulatorily constructive step for crypto adoption, CEX/DeFi oversight and security.
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- The CLARITY Act regulatory requirements are similar to those of the mainstream banks.
- Lisa McClain believes everyone would be at least 80% satisfied with the CLARITY Act.
- It is expected that the debate over the bill could last another month.
Pro-crypto Senator Cynthia Lummis said Jamie Dimon has either not read the Digital Asset Market Clarity Act of 2025, otherwise known as the CLARITY Act, or he is deliberately making efforts to mislead the public.
The CLARITY Act’s Provisions
Lummis made the statement while appearing on the CNBC Squawk Box and addressing Dimon’s opposition to the bill. Lummis explained, contrary to Dimon’s position, that the CLARITY Act adopts simil…
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