Lummis Urges Democrats to Back CLARITY Act
- —Lummis called the CLARITY Act essential to US competitiveness in digital assets
- —The bill would require brokers to disclose how client assets are held in bankruptcy
- —Democrats voted against the proposed consumer protection provisions
- —Lummis warned of repeat FTX-style customer losses without new rules
Why it matters: The CLARITY Act's fate will shape the US crypto regulatory framework and could affect institutional capital flows into the sector.
Source: Coinfomania