Lummis Defends Clarity Act: Over 16 Safeguards Against Illicit Finance

CoinStats - Lummis Fires Back at Warren, Says CLARITY Act...

Senator Cynthia Lummis said the CLARITY Act contains more than 16 illicit finance safeguards, pushing back against claims that the legislation would create loopholes for money laundering and sanctions evasion. Lummis Says CLARITY Act Contains More Than 16 Anti-Money Laundering Safeguards U.S. Senator Cynthia Lummis (R-WY) pushed back against criticism of the Digital Asset Market […]

Lummis Fires Back at Warren, Says CLARITY Act Has 16+ Illicit Finance Safeguards

Senator Cynthia Lummis said the CLARITY Act contains more than 16 illicit finance safeguards, pushing back against claims that the legislation would create loopholes for money laundering and sanctions evasion. Lummis Says CLARITY Act Contains More Than 16 Anti-Money Laundering Safeguards U.S. Senator Cynthia Lummis (R-WY) pushed back against criticism of the Digital Asset Market […]

Cynthia Lummis emphasizes importance of Clarity Act for US tech leadership

Failure to pass the CLARITY Act could hinder US tech leadership, allowing other nations to set global digital asset standards. The post Cynthia Lummis emphasizes importance of Clarity Act for US tech leadership appeared first on Crypto Briefing.

Warren Pushes to Bar Trump Family From Crypto Profits After $1.4B Disclosure

Senator Elizabeth Warren is pushing to add a provision to pending Senate crypto legislation that would bar President Trump, his family, and other senior officials from profiting off the digital asset industry. The push follows a financial disclosure showing Trump's crypto ventures generated more... Read the full story at The Defiant

Lummis Defends CLARITY Act Safeguards As July Senate Vote Nears

Sen. Cynthia Lummis defended the Digital Asset Market CLARITY Act after critics argued that the crypto market-structure bill leaves gaps for illicit finance. In a July 1 X post, Lummis said the bill has “16+ illicit finance safeguards, not loopholes.” She listed Section 201 for Bank Secrecy Act and AML coverage, Section 303 for new sanctions tools tied to digital assets, and Section 305 for temporary holds on suspicious transactions. The latest …

Senator Cynthia Lummis Defends Clarity Act Against Elizabeth Warren's Criticism

Senator Cynthia Lummis dismissed Elizabeth Warren’s arguments, noting that the Clarity Act offers sixteen or more provisions to prevent illicit financial operations. The Clarity Act is still under debate in the Senate because there are differences of opinion on the issue of regulation, ethics, and consumer protections. Senator Cynthia Lummis fiercely rebutted Senator Elizabeth Warren over her criticism of the Clarity Act regarding possible looph…