Senator Cynthia Lummis Calls CLARITY Act the Most Consequential Financial Legislation of This Generation

TLDR: Senator Cynthia Lummis describes the CLARITY Act as the most consequential financial bill today. The legislation establishes clear SEC and CFTC oversight rules for digital asset classification. Tokens meeting decentralization standards may transition from securities to commodities oversight. Senate negotiations continue on stablecoins, DeFi protections, and expanded crypto tax reporting CLARITY Act advances in [...]

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