Senator Cynthia Lummis has dismissed concerns that developer protection issues could delay the CLARITY Act, as Senate discussions continue with a May markup target. Speaking at a Bitcoin conference, Lummis emphasized that the bill faces no major obstacles and aims to protect non-money transmitting developers while maintaining law enforcement authority. Despite law enforcement groups warning that liability shields could hinder efforts against illicit finance, Lummis remains confident in the bill's progress.
Senator Thom Tillis acknowledged the need to address law enforcement concerns, particularly regarding provisions that shield developers from liability. Tillis highlighted the importance of distinguishing between legitimate developers and those facilitating unlawful activities. As negotiations continue, lawmakers face an August deadline to finalize the bill, with ongoing debates over ethics and stablecoin provisions shaping the legislative timeline.
Senator Lummis Dismisses CLARITY Act Concerns Amid Senate Talks
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