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Mixed Reactions To New Crypto Clarity Act Text & Ethics Clause

Mixed Reactions To New Crypto Clarity Act Text & Ethics Clause

The crypto Clarity Act debate continued this week with strong reactions to the latest version of the Senate market structure legislation.

On Tuesday, U.S. Sens. Cynthia Lummis of Wyoming and Bernie Moreno of Ohio announced that they had brokered an agreement on an ethics provision with the White House. Among the various sticking points are whether state Attorney Generals or the U.S. Department of Justice should lead enforcement, rationale for a sunset date, and scope and reach of restrictions for officials.

By Wednesday, text of the more than 600 page Digital Asset Market Clarity Act, H.R. 3633, was circulated.

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