Lummis Says CLARITY Act Includes $150 Million for Digital-Asset Crime Investigations
Summary
- Sen. Cynthia Lummis said the CLARITY Act includes funding for law enforcement to combat digital-asset crime.
- Lummis wrote on X that the bill would provide $150 million to law enforcement agencies to track fraudsters and malicious actors in the digital-asset sector.
- The CLARITY Act is a bill intended to clarify the US digital-asset market structure and regulatory jurisdiction, and Lummis said it also includes measures to foster the industry and strengthen investigative capacity to combat fraud and illegal activity.
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Sen. Cynthia Lummis said the CLARITY Act, a US market-structure bill for digital assets, includes funding for law enforcement to combat crypto-related crime.
In a post on X on June 16, Lummis wrote that the bill would provide $150 million to law enforcement agencies to track fraudsters and malicious actors in the digital-asset sector.
The CLARITY Act is intended to clarify the US digital-asset market structure and regulatory jurisdiction. Debate in Congress has recently focused on the bill’s market-regulation framework, protections for developers and support for law enforcement.
Lummis’s remarks highlighted that the legislation is aimed not only at fostering the digital-asset industry, but also at strengthening investigative capacity to crack down on fraud and other illegal activity.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
