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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)
Techub News, according to crypto reporter Eleanor Terrett, U.S. Senator Lummis stated that the Clarity Act will be completed by the end of the year no matter what. She also mentioned that the Banking Committee is expected to conduct deliberations in the latter half of April following the Easter holiday.
Techub News reports, according to Cointelegraph, U.S. Senator Cynthia Lummis stated that the "CLARITY Act" will provide the "strongest protection" for DeFi and developers after the latest revisions. She responded to concerns raised by crypto lawyer Jake Chervinsky regarding the developer liability provisions in the draft, noting that both parties have adjusted the relevant content to strengthen legal safeguards for non-custodial software developers. Chervinsky pointed out that the current draft's definition of fund transmission could still expose some DeFi developers to liability risks, as the related provisions are not yet fully clarified. The report indicates that the latest revised version of the bill has not been made public and is expected to advance to the Senate Banking Committee for review in April.
Techub News reports that U.S. Republican Senator Cynthia Lummis tweeted that she has met with Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), to discuss issues related to the digital asset market structure. Lummis stated, "Mike Selig understands the urgency of the current situation, and I look forward to continuing our collaboration to work together on integrating digital assets into the 21st-century financial system."
Techub News reported that U.S. Senator Cynthia Lummis posted on X, stating that "The Responsible Financial Innovation Act of 2026" will clearly distinguish between securities and commodities. "This distinction will enable legitimate projects to develop while protecting investor rights. Clear definitions drive innovation."
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