U.S. Senator Cynthia Lummis said Democrats are opposing the CLARITY Act even though the bill includes a liability provision aimed at false disclosures by crypto issuers. According to Lummis, that part of the legislation is designed to protect investors. She said Democratic lawmakers remain against the measure despite the inclusion of that investor-protection language. The remark, cited by Techub News, frames the dispute around the bill as one centered not only on market structure but also on whether disclosure-based safeguards within the legislation are being recognized by its opponents. No additional details on the scope of the opposition or next procedural steps were provided in the source item.
Techub News reported that U.S. Senator Cynthia Lummis said Democrats oppose the CLARITY Act even though the bill includes a liability provision covering false disclosures by crypto issuers.
Lummis said the provision is intended to protect investors, but Democrats still oppose the legislation.
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