Senator Cynthia Lummis, a lead negotiator on the crypto Clarity Act, said this week that the updated bill is ready for release. Lummis expressed pleasure that the legislation has reached this stage, though she noted that ethics and other provisions still require further discussion.
What the updated bill includes
The Clarity Act, a comprehensive crypto regulatory framework, now includes ethics and other provisions that are still to be further discussed, Lummis indicated. The exact scope of those provisions wasn't detailed, but they remain a point of negotiation among lawmakers.
Lummis's role in the negotiations
Lummis has been a key figure in shaping the Clarity Act, working with other senators to craft a bill that aims to provide clear rules for digital assets. Her positive remarks suggest the core framework is largely settled, even as some details remain open.
Next steps for the Clarity Act
The bill is now ready for release, meaning the public and industry stakeholders will soon see the full text. Lawmakers are expected to continue discussions on the outstanding ethics provisions before a final vote. No timeline has been set for that vote.
