US Congress in Bipartisan Talks Over CLARITY Act Ethics Provision
JH Kim
Summary
- Eleanor Terrett said the US Congress is engaged in bipartisan negotiations over the ethics provision in the CLARITY Act, a market structure bill for digital assets.
- Negotiators are also discussing provisions related to decentralized finance (DeFi), though the ethics provision is currently the main sticking point.
- Senator Cynthia Lummis's office said its meeting with the White House went smoothly and that the results of those discussions will be reflected in a draft ethics provision set to be released in the coming days.
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Crypto in America host Eleanor Terrett said on July 21 that the US Congress is holding bipartisan negotiations over the ethics provision in the CLARITY Act, a digital-asset market structure bill.
Negotiators are also discussing provisions related to decentralized finance, or DeFi. The ethics provision is currently the biggest sticking point.
A spokesperson for Senator Cynthia Lummis said discussions with the White House last week went smoothly. The spokesperson added that a draft of the ethics provision to be released in the coming days will reflect those productive talks.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.