Lummis Accuses Banks of Sabotaging CLARITY Act Crypto Regulation

Senator Cynthia Lummis accused banks of sabotaging the CLARITY Act, a major crypto regulation bill, by demanding last-minute changes before supporting it. The accusation comes at a delicate moment for the Digital Asset Market Clarity Act, which faces opposition from financial institutions. Lummis claims banks are quietly undermining the effort, potentially delaying or altering the legislation's progress.