Democrats Block CLARITY Act Aimed at Protecting Seniors From Crypto ATM Fraud
- —Lummis said Democrats voted against protecting seniors from ATM fraud
- —The CLARITY Act would set federal consumer safeguards for crypto ATM users
- —The bill had bipartisan backing and was close to a Senate floor vote
- —Lummis warned that failure hands digital finance leadership to US rivals
Why it matters: The blocked bill leaves US crypto regulation uncertain and seniors using crypto ATMs without federal fraud protections.
Source: Coinfomania