Lummis: Democrats Rejected Memecoin Inclusion in CLARITY Act
- —Lummis sought to explicitly cover memecoins and network tokens in the CLARITY Act
- —Democrats raised concerns about memecoins during negotiations
- —Democrats ultimately voted against the proposed inclusion
- —The bill aims to close regulatory gaps for memecoins
Why it matters: How memecoins are treated under the CLARITY Act will shape whether they fall under securities rules and how they trade.
Source: Coinfomania