The U.S. Senate’s Digital Asset Market Clarity Act draft is still open to changes on a number of big-ticket items that include its government-ethics section, Senator Cynthia Lummis, one of the lead negotiators on the bill, said about the effort that’s “finally” getting closer to passage with the release of the text.
The Senate’s Judiciary, Ethics and Intelligence Committees all had input into the bill, Lummis told CoinDesk on Wednesday, and while the process has “been very difficult,” the bill is ready for additional feedback.
“It’s time to show everyone the fully integrated bill that we will be voting on, and get the feedback from the industry that’s about to be regulated, as well as others,” Lummis said. “So I’m pleased we’ve reached this point.”
Lummis released an updated text of the Clarity Act earlier Wednesday that merged the bills passed by the Senate Banking and Agriculture Committees into one longer bill. The updated text is not likely to be the final version of the bill.
The bill’s proposed conflict-of-interest limits for government officials’ crypto involvement will continue to be discussed through the weekend, and some of the illicit finance provisions may also see further discussion, Lummis said.
