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Clarity Act will provide regulatory certainty for digital assets, Cynthia Lummis notes

Clarity Act will provide regulatory certainty for digital assets, Cynthia Lummis notes
Clarity Act brings regulatory certainty

Cynthia Lummis, U.S. Senator at U.S. Senate, states that digital asset markets have operated for more than a decade without clear definitions for securities and commodities.

She asserts that the Clarity Act will resolve this uncertainty, offering both innovators and regulators defined guidelines for enforcement and compliance.

Lummis previously supported increased transparency following the collapse of Silicon Valley Bank, calling for full Federal Reserve cooperation in the investigation. In 2022, she highlighted that more than 4 million people lost access to funds amid crypto bankruptcies, with thousands facing court proceedings. The Clarity Act is positioned to address regulatory gaps revealed by these events.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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