Key Supporters Lummis and Tillis of CLARITY Act to Depart, Legislative Process May Be Affected

According to Techub News, the legislative process of the US CLARITY Act is facing changes in key figures. Cynthia Lummis, the chair of the Senate Banking Committee's Subcommittee on Digital Assets, who has been leading the bill, announced that she will not seek re-election and will step down at the end of the year. Another key Republican negotiator, Senator Thom Tillis from North Carolina, is also leaving. Both have played crucial bridging roles in recent debates on crypto policies.

Additionally, the term of Hester Peirce, a commissioner at the US Securities and Exchange Commission (SEC), will end this Friday. Peirce has been a significant figure in the field of crypto regulation since 2018. Analysts believe that the departure of these key supporters could have a notable impact on the reintroduction of the CLARITY Act or the drafting of a new version in the next Congress. (Wu Blockchain)