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

Odaily reported that US Senator Cynthia Lummis stated in a post that she thanks her Democratic colleagues for their significant contributions to the new draft of the CLARITY Act and is committed to continuing to push for an agreement in the coming days to ultimately pass the bill into law. Consumer protection and supporting innovation are not contradictory, and this draft legislation proves that both can be achieved simultaneously. Previously, after a briefing call with industry stakeholders, Senate Republicans released the new version of the CLARITY Act. The new text proposes to prohibit the President, Vice President, members of Congress, federal judges, and other officials, along with their spouses, from receiving compensation by issuing or sponsoring digital assets while in office, with the relevant provisions effective 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 beyond their control; sales of crypto assets exceeding $1,000 must be disclosed.