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Lummis Accuses Democrats of Blocking Crypto Safeguards in CLARITY Act
Sen. Cynthia Lummis accused Democrats of opposing the CLARITY Act, which includes regulatory safeguards for crypto markets. She argued that the provision would prevent bad actors from exploiting technical loopholes. The bill aims to establish federal rules for digital asset markets and define the responsibilities of the SEC and the Commodity Futures Trading Commission. The bill remains stalled after a procedural vote failed to secure the necessary votes.