Senator Cynthia Lummis is defending the Clarity Act against criticism that it weakens oversight of the crypto market. She says the bill strengthens fraud enforcement and directs new funding towards digital asset investigations.
The Clarity Act has become a key point of contention in Washington's crypto policy debate, with lawmakers weighing developer protections, crime risks, and wider market oversight.
Lummis argued that the bill provides $150 million to help agencies pursue crypto scams and bad actors, framing it as a law enforcement tool rather than a rollback of oversight.