- Senator Cynthia Lummis is urging for a Senate vote on the CLARITY Act before the August 2026 recess to establish clear US crypto regulations and maintain technological leadership.
- The CLARITY Act aims to define jurisdictional boundaries between the CFTC and SEC for digital assets and includes provisions for anti-money laundering (AML) measures.
- Lummis warns that failure to pass the act could significantly delay US crypto regulation, potentially until 2030, while other nations like the EU and Singapore advance their frameworks.
Topics: Jurisdictions, Legal regulatory, Political endorsements opposition, Cross jurisdictional policy, Securities law classification, Legislative debates, Pro innovation policy
Tags: #cynthialummis #clarityact #digitalassetmarketclarityact #hr3633 #cryptoregulation #ussenate #cftc #sec #aml #financialinfrastructure
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