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Lummis Criticizes Democrats Over Vote Against Clarity Act

The measure is intended to clarify how U.S. law treats network tokens and related assets.

By Riza Dagoc
Published
Empty voting desks face the central dais in a congressional chamber / TokenPost.ai
Empty voting desks face the central dais in a congressional chamber / TokenPost.ai

Sen. Cynthia Lummis criticized Democrats for voting against the Clarity Act, a measure intended to clarify how network tokens should be treated under U.S. law.

The act aims to establish a regulatory framework for network tokens and related assets. It is also intended to keep traditional securities out of crypto markets.

Riza Dagoc

Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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