Sen. Lummis: Clarity Act has sufficient safeguards against illicit finance

Pro-cryptocurrency U.S. Senator Cynthia Lummis has refuted criticism from Senator Elizabeth Warren regarding the Clarity Act. According to Cointelegraph, Lummis emphasized that the bill cannot create loopholes for illicit finance, highlighting that it already includes more than 16 safeguards against illicit funds. This comes after Warren previously criticized the bill, suggesting it could create such loopholes.