Senator Lummis Outlines 3 Key Benefits of CLARITY Act for Crypto Developers and Investors on July 17

According to Senator Cynthia Lummis on July 17, the CLARITY Act would deliver three key outcomes: certainty for developers, protection for investors, and integrity for markets. The legislation aims to clarify the regulatory jurisdictions of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), establishing a statutory framework to replace regulation through enforcement. Lummis emphasized the proposal would strengthen consumer protections in bankruptcy and enhance law enforcement coordination. The senator renewed calls for Congress to advance the legislation, noting that one year ago the GENIUS Act became law on July 18, 2025, creating a federal framework for payment stablecoins.
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