Lummis blasts Democrats for rejecting financial reporting under Clarity Act
- —Clarity Act would require digital commodity exchanges to file certified annual reports with the CFTC
- —Democrats voted against the provision; Lummis called it a risk to investor protections
- —The remarks, posted on X, come amid broader US debate over digital asset rules
Why it matters: The outcome will shape reporting requirements for US crypto exchanges and the level of transparency investors can expect.
Source: Coinfomania
More on this
Regulation · Oct 11Lummis Says Democrats Blocked Ban on Manipulable Digital Commodities in CLARITY Act
Regulation · Oct 9Lummis: Democrats balk at CLARITY Act clause curbing compliance officer conflicts
Regulation · Oct 6Lummis: CLARITY Act failed over Democrats' stance on affiliate trading rules