Sen. Lummis supports CLARITY Act to end regulatory limbo for US crypto
Sen. Cynthia Lummis is advocating for the CLARITY Act to provide regulatory clarity for the US crypto industry. The Senate Banking Committee has advanced the bill, which aims to delineate the jurisdiction between the SEC and CFTC regarding digital assets. If passed, the legislation could significantly impact how tokens are classified and regulated in the future.
- ▪The CLARITY Act was advanced by the Senate Banking Committee with a 15-9 vote.
- ▪The bill seeks to classify most tokens as digital commodities under CFTC oversight.
- ▪Provisions in the bill aim to protect decentralized finance developers from being treated as regulated financial institutions.
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Sen. Lummis supports CLARITY Act to end regulatory limbo for US crypto The Senate Banking Committee advanced the digital asset bill 15-9, setting up a potential summer floor vote that could define crypto regulation for the next decade. Share Add us on Google by Editorial Team May. 22, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); The US crypto industry has spent years in a regulatory twilight zone, unsure whether its tokens are…
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