US Senator Cynthia Lummis: Will Continue to Push for Bipartisan Agreement on the CLARITY Act in the Coming Days

Odaily Odaily News: US Senator Cynthia Lummis stated that she thanks Democratic colleagues for their significant contributions to the new draft of the CLARITY Act and pledged to continue pushing for an agreement in the coming days to ensure the bill can ultimately become law. Consumer protection and supporting innovation are not contradictory, and this draft bill proves that both can be achieved simultaneously. Previously, after holding a briefing call with industry stakeholders, US Senate Republicans released a new version of the CLARITY Act. The new text proposes prohibiting the President, Vice President, members of Congress, federal judges, and other officials, as well as their spouses, from receiving compensation through the issuance or sponsorship of digital assets while in office, with the relevant provisions valid until January 20, 2029. Officials subject to these restrictions must also sell their crypto assets and investments in crypto enterprises, or place them in a blind trust over which they have no control; the sale of crypto assets exceeding $1,000 must be disclosed.