TechFlow News, June 14: According to Jinse Finance, U.S. Senator Cynthia Lummis—a vocal supporter of cryptocurrency—posted on X stating that regulatory rules for the digital asset industry already exist in practice; what remains is to formally codify them into law.
Lummis said: “The rules for digital assets already exist—we just need to turn them into law. That’s precisely what the Clarity Act does.”
The Clarity Act is regarded as a cornerstone piece of legislation for structuring the U.S. crypto market, aiming to clarify the regulatory framework for digital assets and delineate responsibilities among different regulatory agencies, thereby providing the industry with a clearer compliance pathway.
Recently, the U.S. Congress has been holding intensive discussions on topics including crypto market structure, stablecoin regulation, and digital asset classification. Whether the Clarity Act advances smoothly is widely viewed by the market as a key indicator of whether the U.S. will establish a comprehensive crypto regulatory framework.
