Lummis Says CLARITY Act Would Expand Wyoming’s Crypto-Friendly Framework Nationwide
Summary
- Sen. Cynthia Lummis said the CLARITY Act would help expand Wyoming’s crypto-friendly regulatory framework across the US.
- Lummis said the CLARITY Act would provide digital-asset companies with clearer rules.
- She said the CLARITY Act is designed to clarify the regulatory framework for the US digital-asset market and divide oversight authority between the SEC and the CFTC.
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Sen. Cynthia Lummis, a Wyoming Republican, said the CLARITY Act would extend Wyoming’s crypto-friendly regulatory framework across the US.
Cointelegraph reported on Sept. 3 that Lummis said the bill would provide clearer rules for digital-asset companies.
She added that Wyoming’s approach to building a regulatory framework favorable to the digital-asset industry could be expanded nationwide through the CLARITY Act.
The CLARITY Act is aimed at clarifying the regulatory framework for the US digital-asset market and dividing oversight authority between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
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