US Pro-Crypto Democrats Say CLARITY Act Falls Short on Ethics, Consumer Protection
Seven pro-crypto Senate Democrats have stated that the Republican-drafted CLARITY Act lacks adequate ethics, consumer protection, and illicit finance provisions, though they pledge to continue working with Republicans to advance the bill.
A group of seven pro-crypto Senate Democrats issued a statement criticizing the CLARITY Act, the Republican-drafted crypto regulatory bill. They argue that the legislation remains insufficient in key areas, including ethics rules, consumer safeguards, and measures to prevent illicit finance.
Despite their objections, the lawmakers emphasized their commitment to bipartisan cooperation, saying they will continue working with Republicans to refine the bill and push it toward passage. The CLARITY Act is part of a broader effort to create a federal framework for digital assets in the United States.
Source: Cointelegraph