U.S. Senator Lummis: The CLARITY Act Will Provide the "Strongest" DeFi Developer Protection

BlockBeats News, March 28th, U.S. Senator Cynthia Lummis stated that the latest revision of the CLARITY Act will provide protection for DeFi and developers, and refuted cryptocurrency lawyer Jake Chervinsky's concerns about non-custodial developers potentially being classified as money transmitters and subject to KYC obligations, stating that the relevant provisions have been adjusted in bipartisan negotiations. The bill is expected to enter the Senate Banking Committee review stage in April.