US senator urges passage of CLARITY Act, says no regulation means no remedy

Pro-crypto U.S. Senator Cynthia Lummis urged the passage of the CLARITY Act on X, stating that a lack of regulation does not mean a lack of harm, but rather a lack of remedy when problems occur. She added that she has worked for years to enact the CLARITY Act to allow the digital asset industry to grow within the U.S. under clear guidelines.