Lummis Accuses Democrats of Blocking CLARITY Act
- —Lummis says Democrats are blocking a vote on the CLARITY Act
- —Democrats want a ban on exchanges creating unbacked tokens
- —The bill targets practices that contributed to FTX's collapse
- —Lummis frames passage as a US competitiveness issue
Why it matters: Without the CLARITY Act, regulatory uncertainty over token issuance in the US persists, weighing on project launches and investment.
Source: Coinfomania