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CLARITY Act unlikely to advance as Congress focuses on SEC, CFTC picks

CLARITY Act unlikely to advance as Congress focuses on SEC, CFTC picks

US cryptocurrency legislation has entered the final weeks of the Republican-controlled Congress with the CLARITY Act still stalled, leaving financial regulator nominations among the few crypto-related decisions that lawmakers may complete before January.

Summary

  • The CLARITY Act remains stalled as Congress enters its final weeks before Democrats take control in January.
  • Senator Cynthia Lummis criticized Democrats for rejecting crypto legislation containing SEC registration requirements for token issuers.
  • President Trump nominated four SEC and CFTC commissioners as lawmakers prioritize regulatory appointments before year-end adjournment.
  • Industry leaders expect limited…

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