Lummis Defends Digital Asset Market Clarity Act Amid Developer Protection Concerns

The Digital Asset Market Clarity Act has been at the center of controversy in recent weeks, with some experts warning that it may leave DeFi developers vulnerable to legal risk. However, Senator Lummis has rejected these claims, stating that the bill provides robust protections for non-custodial software builders.

Lummis pointed to recent bipartisan changes made to Title 3 of the bill, which she believes will strengthen DeFi developer protections. She also emphasized the need for lawmakers to pass the CLARITY Act in order for these protections to take effect.