CLARITY Act Gains Bipartisan Support as Lawmakers Push for US Crypto Regulation Framework
Summary
The CLARITY Act (Digital Asset Market Clarity Act) is gaining momentum with broad support from lawmakers including Senate Banking Committee Chairman Tim Scott, Senators Cynthia Lummis and Thom Tillis, Representatives French Hill, Glenn Thompson, and Tom Emmer, as well as industry groups, consumer advocates, national security voices, and President Donald Trump. Supporters warn that the U.S. could lose influence in digital finance if other jurisdictions advance crypto regulatory frameworks first. Senator Lummis argues that delays would hand the future of digital finance to jurisdictions that do not share U.S. values, while Senator Scott frames the bill as consumer-first regulation.
Source
bskyCLARITY Act Gains Bipartisan Support as Lawmakers Push for US Crypto Regulation Frameworkbriefly.coKey quotes
· 3 pulledBackers warn the U.S. could lose influence if other jurisdictions advance crypto frameworks first.
Lummis argues delays hand digital finance's future to jurisdictions that do not share U.S. values.
Scott frames the bill as consumer-first regulation.
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