Lummis: Democrats balk at CLARITY Act clause curbing compliance officer conflicts
- —Lummis made the claim in an X post on Oct. 9
- —The clause targets CCOs serving at affiliated crypto firms
- —The conflict-of-interest provision is already in the CLARITY Act text
- —Democrats now say the measure is unnecessary
Why it matters: The dispute over the CLARITY Act signals stalled progress on US crypto legislation, delaying clear rules for the industry.
Source: PANews