U.S. Senator Cynthia Lummis (R-WY), a prominent advocate for digital assets, has stated that the CLARITY Act will provide long-sought legal certainty for developers, stronger protections for investors, and greater integrity for the broader cryptocurrency market. The remarks, reported by Cointelegraph, come as the bill gains renewed attention in a Congress increasingly focused on establishing a federal framework for digital assets.

What the CLARITY Act Proposes

The CLARITY Act, formally titled the “Cryptocurrency Legal Clarity and Investor Protection Act,” is designed to address a central tension in U.S. crypto policy: whether digital assets should be classified as securities or commodities. The bill aims to create a clear…