Clarity Act Breakthrough: Senator Lummis Vows Landmark Crypto Regulation This Year
Senator Gillibrand is partnering with Senator Lummis to create a regulatory framework that divides authority between the SEC and CFTC.
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tl;dr
Senator Cynthia Lummis (R-WY) has committed to passing the Clarity Act by the end of 2026, aiming to establish a federal regulatory framework for cryptocurrencies and DeFi. This bipartisan push with Senator Kirsten Gillibrand seeks to resolve jurisdictional disputes between the SEC and CFTC.
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KEKirsten E. GillibrandD-New York
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