Lummis: CLARITY Act includes false-disclosure liability, but Democrats still opposed it
- —Lummis: CLARITY Act holds issuers liable for false disclosures
- —She said Democrats rejected the bill despite investor protections
- —The CLARITY Act failed a procedural Senate vote on Sept. 15
- —Democrats cited insufficient ethics rules on Trump's crypto conflicts
Why it matters: The CLARITY Act's fate shapes U.S. crypto rules; its failure delays regulatory clarity for the industry.
Source: Bloomingbit
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