The senatrice Cynthia Lummis (R-Wyo.) strongly supported the Clarity Act on Tuesday, noting that decentralized finance developers will face far less regulatory uncertainty once the bill becomes law.
L’industrie DeFi aura un « refuge sûr »
In a post on X, Lummis called the Clarity Act “the best thing that could happen to the DeFi community.”
“Developers, validators and node operators will finally have a safe haven and we can ensure that American innovation can stay right here, on American soil,†the senator argued.
The Clarity Act, which proposes sharing oversight of cryptocurrencies between the SEC (Securities and Exchange Commission) and the CFTC (Commodity Futures Trading Commission), was passed without difficulty by the House of Representatives last year. In the Senate, there are two versions of the bill: one granting the CFTC oversight of commodities, and the other placing digital assets linked to securities under the supervision of the SEC.
The House-passed version of the law states that a person will not be subject to the law’s regulatory requirements solely because they engage in DeFi-related activities, including operating liquidity pools or decentralized messaging systems for spot trading.
An os à ronger
The text came to a standstill after CoinbaseWall Street’s largest cryptocurrency firm, withdrew support over stablecoin yield provisions.
In snow warned last week that blocking the bill would mean waiting until 2030 again for a chance to pass a cryptocurrency law.
Warning :Â This content was partially produced using Benzinga Neuro and was reviewed and published by Benzinga Editors.
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