Lummis Says Democrats Rejected CLARITY Act Anti-Evasion Language
Photo: TokenPost
Sen. Cynthia Lummis criticized Democrats for rejecting anti-evasion wording in the CLARITY Act, arguing it would let the SEC assess conduct in context and address attempts to exploit technical loopholes. The bill is intended to establish a federal framework for digital assets and define oversight responsibilities for the SEC and Commodity Futures Trading Commission (CFTC). All Senate Democrats and four Republicans voted against advancing the bill in a Sept. procedural vote, part of the Senate impasse over the legislation . Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Also reported by The Coin Republic.
Source: TokenPost
