The U.S. Senate’s Digital Asset Market Clarity bill is still open to changes on a number of important points, including its section on government ethics, Sen. Cynthia Lummis, one of the bill’s lead negotiators, said of the effort that is “finally” moving closer to passage with the release of the text.
The Senate Judiciary, Ethics, and Intelligence committees all contributed to the bill, Lummis told CoinDesk on Wednesday, and while the process “was very difficult,” the bill is open to receiving additional comments.
“It’s time to show everyone the fully integrated bill we’re going to vote on and get feedback from the industry that’s about to be regulated, as well as others,” Lummis said. “So I’m happy that we’ve gotten to this point.”
Lummis released updated text of the Clarity Act on Wednesday that merged bills passed by the Senate Banking and Agriculture committees into one longer bill. The updated text will likely not constitute the final version of the bill.
The bill’s proposed conflict of interest limits for government officials’ involvement in crypto will continue to be discussed through the weekend, and some of the illicit financing provisions may also be subject to further discussion, Lummis said.
