U.S. Senator Cynthia Lummis: Will Continue to Push for Bipartisan Agreement on the CLARITY Act in the Coming Days

Odaily Planet Daily News U.S. Senator Cynthia Lummis stated that she appreciates the significant contributions of Democratic colleagues to the new draft of the CLARITY Act and pledged to continue promoting an agreement in the coming days to ultimately make the bill law. Consumer protection and supporting innovation are not contradictory; this draft bill proves both can be achieved simultaneously. Previously, after a briefing call with industry stakeholders, U.S. Senate Republicans released a new version of the CLARITY Act. The new text proposes to prohibit the President, Vice President, members of Congress, federal judges, and other officials, as well as their spouses, from receiving compensation through the issuance or sponsorship of digital assets while in office, with the relevant provisions effective until January 20, 2029. Covered officials must also sell their crypto assets and investments in crypto enterprises, or place them in a blind trust over which they have no control; sales of crypto assets exceeding $1,000 must be disclosed.