Clarity Act Deemed Only Viable Path for CFTC Digital Asset Spot Oversight
2026-07-14 09:46

Woofun AI reports that U.S. Senator Cynthia Lummis declared the Clarity Act as the sole viable mechanism to empower the CFTC with regulatory jurisdiction over digital asset spot markets. She emphasized that administrative rules cannot confer such authority, establish new sanction powers against counterparties, or shield developers from improper prosecution, necessitating congressional action.

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Cynthia Lummis
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