U.S. Senator Cynthia Lummis: Continuing to Push for Bipartisan Agreement on the CLARITY Act in the Coming Days

Odaily Planet Daily News: U.S. Senator Cynthia Lummis stated that she appreciates the significant contributions of her Democratic colleagues 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; this draft bill proves that both can be achieved simultaneously. Previously, after a briefing call with industry stakeholders, Republican U.S. Senators released a new version of the CLARITY Act. The new text proposes to prohibit the President, Vice President, members of Congress, federal judges, and other officials, as well as their spouses, from receiving compensation by issuing or sponsoring digital assets while in office, with the relevant provisions remaining in effect 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; sales of crypto assets exceeding $1,000 must be disclosed.