Lummis Says Democrats Rejected Their Own CLARITY Act Safeguards
Photo: ETHNews
Cynthia Lummis says Democrats voted against advancing a bill containing investor safeguards they requested. The revised CLARITY Act includes fundraising ceilings and a ten-year exclusion for specified financial-crime convictions. Regulation Crypto would create a distinct token fundraising exemption, not replace existing SEC offering rules. Senator Cynthia Lummis has renewed her criticism of Senate Democrats over the stalled CLARITY Act, pointing to two sets of investor safeguards she says Republicans accepted during negotiations: restrictions on fundraising by convicted financial criminals and tighter limits on capital raised through a proposed cryptocurrency exemption.
Source: ETHNews
