Lummis says CLARITY Act would extend Wyoming crypto framework nationwide

Sen. Cynthia Lummis said the CLARITY Act would expand Wyoming’s crypto-friendly digital-asset regulatory framework across the United States. The bill is designed to give digital-asset companies clearer rules while separating oversight responsibilities between the Securities and Exchange Commission (SEC), the U.S. securities regulator, and the Commodity Futures Trading Commission (CFTC), the U.S. derivatives regulator. Lummis, a Wyoming Republican, said the state’s approach could serve as the basis for a nationwide framework. Cointelegraph reported her comments on September 3.