Lummis Says Senate Nears Final Push on Landmark Crypto CLARITY Act
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Senator Cynthia Lummis said the Senate is close to finalizing the Digital Asset Market CLARITY Act after months of negotiation, aiming to release the bill’s final text and move it forward this month despite missing its July 4 target. Lawmakers are resolving DeFi, ethics and illicit finance provisions while regulators press for passage, though analysts have lowered approval odds because a few key issues remain unresolved; passage would provide major crypto regulatory clarity and could boost adoption and institutional funding.
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- Lummis said the Senate is close to finalizing the CLARITY Act after months of difficult negotiations.
- Lawmakers continue resolving DeFi, ethics, and illicit finance issues before a final Senate vote.
- Regulators urged Congress to pass the CLARITY Act as analysts lowered its approval odds.
Senator Cynthia Lummis said lawmakers are close to finalizing the Digital Asset Market CLARITY Act after months of negotiations, with the Senate aiming to release the bill’s final text and move it forward this month. Speaking to Fox Business, Lummis said negotiators have resolved several major disagreements, although the effort missed its original July 4 target.
The Wyoming Republican said lawmakers have worked through difficult policy issues since last Labor Day. While most of the major disputes have been settled, she noted that a few outstanding issues still need to be resolved b…
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