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Senator Cynthia Lummis
@SenLummis
U.S. Senator from Wyoming
Joined March 2009
848 Following    403.5K Followers
Nice try, but what you’re citing is a savings clause. It keeps existing finance and sanctions law in force but it doesn’t erase the rest of the section. What you fail to understand about the Clarity Act is that it would classify Binance as a covered person because it is a digital asset service provider. No law stops every bad actor, but the Clarity Act would have given the people fighting them better tools and the ability to act faster. Your party voted no, and you have to own that. Thanks for playing, Amanda Fischer!
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This is not true. Clarity requires stablecoin issuers to freeze per a court order. For exchanges, here’s the relevant language. Check out (1) below.
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