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Cynthia Lummis: “The Genius act passed, it's now law.”

Featuring: Cynthia Lummis, Republican | U.S. Senate Wyoming

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Sen. Lummis expects CLARITY Act to be ultimate foundation for crypto market structure bill

Published | Video Starts at 05:53

I had the embedded statutory framework that Wyoming passed to move into Washington. So we've adapted it to Washington regulatory dominance in commodities and secur and we're moving forward. So we did stablecoins first. The Genius act passed, it's now law. And that provided the momentum we needed to do market structure. So the House passed a market structure bill. It's called the Clarity Act. (05:53–05:56)

CLAIM

Asserts that the Genius Act, a stablecoin regulation bill, has passed and is now law.

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