Sen. Lummis Unveils Bipartisan Act to Protect Crypto Builders as Clarity Act Delays
Pro-crypto U.S. Senator Cynthia Lummis has introduced the Blockchain Regulatory Certainty Act, a bipartisan effort to shield blockchain developers from stringent money transmitter licensing requirements. Partnering with Senator RON Wyden, the legislation aims to prevent what Wyden calls "technologically illiterate" overreach that could compromise privacy and free speech rights.
Meanwhile, the anticipated Clarity Act markup faces another delay, now pushed to late January. Senate Agriculture Committee Chair John Boozman cited additional time needed for finalizing details. Patrick Witt of the President's Digital Assets Council urged patience, tweeting "CLARITY is near" to reassure the crypto community.
The regulatory uncertainty continues to stall the crypto bull market, with industry participants closely watching these developments. The Blockchain Regulatory Certainty Act represents growing legislative momentum for clearer digital asset frameworks in Washington.