Senator Cynthia Lummis Says the Clarity Act Risks a 4-Year Delay
Treasury Secretary Bessent called for urgent passage of the CLARITY Act to prevent crypto firms from relocating to foreign jurisdictions.
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Treasury Secretary Bessent called for urgent passage of the CLARITY Act to prevent crypto firms from relocating to foreign jurisdictions.
Senator Cynthia Lummis (R-WY) warned that the CLARITY Act faces a four-year legislative freeze if not passed before the 2026 midterms. The bill faces hurdles including a Trump administration 'red line' against proposed ethics restrictions.
Senator and champion of the CLARITY Act
Lummis's version of this story ↗
Senator mentioned for policy compromise
Senator mentioned for policy compromise
Across the available coverage, including Ecoportal and BitcoinEthereumNews.com, Treasury Secretary Scott Bessent is consistently framed as urgently advocating for the passage of the CLARITY Act. Outlets emphasize his calls for immediate action to regulate stablecoins and prevent crypto firms from relocating, highlighting a notable cross-spectrum agreement on his proactive stance.
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