#senator lummis

[rwatimes]

Sen. Lummis to drop final CLARITY Act text over July 4th weekend, Senate vote expected in July

➤ Senator Lummis is set to release the final text of the CLARITY Act over the July 4th weekend, with a Senate vote anticipated in July. ➤ The CLARITY Act aims to clarify regulatory authority over digital assets, assigning primary oversight of digital commodities to the CFTC and a limited role for the SEC. ➤ The legislation addresses legal uncertainty for developers, AML rules, and developer liability, with potential implications for exchanges, custodians, and issuers, though concerns from both traditional finance and the crypto community remain.

[rwatimes]

Senator Lummis Leads Push To Remove 1250% Risk Weight On Digital Assets, Opening Door For Bank Participation

Sen. Cynthia Lummis leads Republican lawmakers in urging regulators to end the 1250% risk weight on digital assets, aiming to free banks for crypto participation.

➤ Senator Lummis and Republican lawmakers are urging regulators to remove the 1250% risk weight on digital assets, arguing it hinders bank participation. ➤ This change could significantly lower capital requirements for banks, potentially unlocking institutional capital and fostering innovation in the digital asset space. ➤ While the push aims to modernize regulations, the timeline for any changes remains uncertain due to international standards and the need for U.S. regulatory adoption.

[rwatimes]

CLARITY Act will end crypto regulatory ambiguity says Senator Lummis

Senator Cynthia Lummis says the CLARITY Act is designed to end the regulatory ambiguity that has dogged American crypto consumers and the digital asset...

➤ Senator Cynthia Lummis's CLARITY Act aims to resolve regulatory ambiguity in the U.S. by defining digital assets and agency oversight. ➤ The bill seeks to classify tokens as securities or commodities and has gained bipartisan support, signaling a move towards comprehensive crypto legislation. ➤ Lummis emphasizes the urgency to pass the act to retain crypto innovation and jobs in the U.S. and protect consumers.

[rwatimes]

CLARITY Act Markup Urged by Senator Tillis as Stablecoin Debate Nears Resolution

Senator Thom Tillis pushes CLARITY Act markup as stablecoin concerns ease, with negotiations continuing on DeFi, ethics, and developer protections.

➤ Senator Thom Tillis is pushing for a markup of the CLARITY Act, a US crypto bill aiming to establish a regulatory framework for digital assets, with a potential timeline for stablecoin yield text release. ➤ Key issues such as stablecoin yields, decentralized finance (DeFi), and protections for software developers are being negotiated, with progress reported on resolving banking industry concerns. ➤ The CLARITY Act faces an August deadline for approval, and Senator Tillis's support is seen as crucial for advancing the bill through the Senate Banking Committee, despite potential Democratic opposition.

[rwatimes]

CLARITY Act Stalls as Law Enforcement Challenges DeFi Developer Protections

The CLARITY Act encounters resistance from law enforcement over DeFi protections. Senator Lummis downplays concerns as August deadline approaches.

➤ The CLARITY Act faces significant hurdles due to law enforcement's concerns over protections for DeFi developers, potentially hindering prosecutions of illicit financial activities. ➤ Senator Lummis views the issue as manageable, while Senator Tillis insists on addressing these objections and including an ethics provision for the bill to proceed. ➤ With an August deadline looming and other contentious provisions still under negotiation, the bill's passage remains uncertain, with a 50% probability estimated by Galaxy Digital.

[rwatimes]

Bitcoin 2026: El gran anuncio de la Casa Blanca sobre la Reserva Estratégica de BTC se realizará en pocas semanas

Según legisladores como Lummis y Moreno en la Conferencia Bitcoin 2026, el gobierno estadounidense prepara un gran anuncio sobre BTC.

➤ The U.S. government, under the Trump administration, is preparing a significant announcement regarding a Strategic Bitcoin Reserve (SBR) within weeks. ➤ Key legislation like the Clarity Act aims to provide regulatory clarity, distinguishing between securities and commodities, and potentially placing Bitcoin under CFTC supervision. ➤ This move is framed as crucial for maintaining U.S. financial leadership against geopolitical rivals like China and fostering innovation in the digital asset space.

[36crypto]

Lummis Shuts Down DeFi Fears as CLARITY Act Sparks Crypto Clash

Lummis rejects DeFi fears as CLARITY Act debate intensifies Crypto lawyer warns developers still face risks under new bill Lawmakers push revisions while uncertainty surrounds DeFi regulatory treatment Senator Cynthia Lummis moved quickly to counter growing concerns surrounding the Digital Asset Market Clarity Act. Her remarks followed criticism from crypto lawyer Jake Chervinsky, who questioned…

Lummis Shuts Down DeFi Fears as CLARITY Act Sparks Crypto Clash

[hithermannofficial]