US Senator Cynthia Lummis: In the coming days, she will continue to push for a bipartisan agreement on the CLARITY Act to enact it into law.

US Senator Cynthia Lummis released a statement thanking her Democratic colleagues for their key contributions to the new draft of the CLARITY Act, and pledged to continue pushing for an agreement in the coming days to get the bill enacted into law. Lummis noted that consumer protection and supporting innovation are not mutually exclusive, adding that the draft demonstrates both goals can be achieved simultaneously. Earlier reports indicated that Senate Republicans unveiled the new version of the CLARITY Act following a briefing call with industry stakeholders. The revised text proposes to ban officials including the U.S. president, vice president, members of Congress, federal judges, and their spouses from receiving compensation via issuing or sponsoring digital assets while in office; the relevant provisions will remain in effect until January 20, 2029. Restricted officials must also sell their crypto assets and investments in crypto-related firms, or place them in blind trusts over which they have no control; sales of crypto assets exceeding $1,000 are required to be disclosed.