.
@SenLummis on the importance to pass the Clarity Act NOW:
"We have earned support from across the digital asset industry, from legacy financial institutions like Goldman Sachs and Fidelity. Even the National Fraternal Order of Police and the National Sheriffs’ Association, both of whom originally opposed the bill, have dropped their opposition. We listened, built in dozens of illicit finance and anti-money laundering provisions, and that’s what got us there.
Title I alone reflects 33 separate bipartisan edits where Republicans and Democrats played key roles. It contains tighter core definitions so that companies cannot structure around securities law; a mandatory SEC “front door” certification with a 90-day review window instead of 60 and new anti-evasion authority so regulators aren’t boxed in by technicalities."