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Senator Lummis Pushes CLARITY Act to Protect Software Developers from Digital Asset Prosecution

12d ago· 1 min readenNews
technologypoliticscryptocurrencylegislation

Summary

U.S. Senator Cynthia Lummis is advocating for the Digital Asset Market Clarity Act (CLARITY Act), which passed a Senate panel vote of 15-9 and could face a full Senate vote in 2026. The bill aims to split digital-asset oversight between the SEC and CFTC, define whether tokens are securities or commodities, and protect software developers and infrastructure providers from being classified as money transmitters if they do not take custody of customer funds. The legislation has backing from 160 security veterans and is intended to end legal uncertainty for U.S. coders publishing blockchain code.

Source

bskySenator Lummis Pushes CLARITY Act to Protect Software Developers from Digital Asset Prosecutionbriefly.co

Key quotes

· 1 pulled
Why Lummis Says the CLARITY Act Will End the 'Absurdity' Facing US Software Developers
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The CLARITY Act would reduce prosecution risk for U.S. software developers by clarifying when digital assets are securities or commodities and limiting money-transmitter exposure.

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