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Lummis Says Democrats Secured More Than 100 Changes in CLARITY Act Talks, Warns Safeguards Would Vanish if Bill Fails

Source
JH Kim

Summary

  • U.S. Senator Cynthia Lummis said Democrats secured more than 100 changes during negotiations over the CLARITY Act.
  • She said the revisions include various safeguards that Democrats had been seeking.
  • Lummis urged passage of the bill, saying the negotiated protective provisions would not take effect if the CLARITY Act fails to pass.

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U.S. Senator Cynthia Lummis said Democrats secured more than 100 changes during negotiations over the CLARITY Act and warned those safeguards would be lost if the bill fails.

Cointelegraph reported on September 14 that Lummis said Democrats had won more than 100 changes through negotiations on the CLARITY Act.

She said the revisions include a range of safeguards that Democrats had been seeking.

Lummis urged passage of the bill, saying the protections negotiated as part of the measure would not take effect if the CLARITY Act does not pass.

Photo: Screenshot from Senator Cynthia Lummis's X account
Photo: Screenshot from Senator Cynthia Lummis's X account
#Crypto Regulation
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

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