Lummis Says CLARITY Act Would Extend Wyoming’s Crypto-Friendly Framework Across US
JH Kim
Summary
- Sen. Cynthia Lummis said the CLARITY Act would extend Wyoming’s crypto-friendly digital-asset regulatory framework across the US.
- Lummis said the CLARITY Act would provide clearer rules for digital-asset companies.
- The CLARITY Act is designed to clarify the regulatory framework for the US digital-asset market and separate oversight authority between the SEC and the CFTC.
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Sen. Cynthia Lummis said the CLARITY Act would extend Wyoming’s crypto-friendly regulatory framework across the US.
Cointelegraph reported on September 3 that the Wyoming Republican said the bill would give digital-asset companies clearer rules.
Lummis said Wyoming’s approach to creating a regulatory framework favorable to the digital-asset industry could be expanded nationwide through the CLARITY Act.
The CLARITY Act aims to clarify the regulatory framework for the US digital-asset market and delineate oversight authority between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.