The senator argued that unclear crypto rules harm legitimate builders while creating openings for bad actors, framing the legislation as a way to reduce exploitation.
Sen. Cynthia Lummis said unclear crypto regulation is not only damaging for legitimate industry participants but also benefits criminals. In a post on X, she said, "Regulatory ambiguity doesn't just hurt builders. It helps criminals," and added that "The Clarity Act closes the gaps bad actors exploit." Her remarks frame the Clarity Act as an effort to reduce loopholes created by uncertain digital-asset rules and to give the sector a clearer compliance framework.