Senator Cynthia Lummis has rejected a proposal from Senator Catherine Cortez Masto and prosecutors’ groups regarding the CLARITY Act on digital asset market structure. This proposal aimed to rewrite protections in the Blockchain Regulatory Certainty Act (BRCA), part of a broader legislative effort to safeguard non-custodial software developers and blockchain infrastructure providers. Lummis’s rejection emphasizes her dedication to preserving these protections while balancing law enforcement needs. Market odds for the CLARITY Act being signed into law in 2026 have declined, currently standing at 29.5%. Key figures including Senate Banking Committee Chairman Tim Scott and House Speaker Mike Johnson may play pivotal roles in advancing or stalling the bill’s progress.
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