Senator Lummis: The CLARITY Act will provide "the strongest" protections for DeFi developers.

BlockBeatNews

BlockBeats news, on March 28, U.S. Senator Cynthia Lummis stated that the latest revision of the CLARITY Act will provide protections for DeFi and developers, countering concerns raised by crypto lawyer Jake Chervinsky about non-custodial developers potentially being classified as money transmitters and bearing KYC obligations, indicating that the relevant provisions have been adjusted during bipartisan negotiations. The bill is expected to enter the Senate Banking Committee review stage in April.

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