US Senator Cynthia Lummis confirmed that the CLARITY Act now includes stricter fundraising limits for crypto projects, adopting concessions previously requested by Democratic lawmakers. The annual fundraising cap under Regulation Crypto has been lowered from $75 million to $50 million, with an additional $200 million lifetime fundraising limit added to the legislation.
Lummis stated that both parties agreed to incorporate these changes into the final bill. However, she criticized Democratic legislators for ultimately voting against earlier rules she had drafted specifically to protect retail investors, despite their prior requests for tighter fundraising restrictions.
CLARITY Act Adopts Stricter Crypto Fundraising Caps: $50M Annual, $200M Lifetime Limit
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