Tom Emmer, identified in the source as @GOPMajorityWhip Rep. Tom Emmer, said the CLARITY Act represents the fifth or sixth iteration of digital asset market structure legislation developed in the House.
Representative Tom Emmer said the CLARITY Act reflects years of work in the House and described it as the fifth or sixth version of crypto market structure legislation. His remarks frame the bill as part of a longer-running congressional effort to create rules for the digital asset market, an area that typically focuses on how cryptocurrencies are classified, which regulators oversee them, and how trading venues and issuers should comply with U.S. law.