Senator Lummis: The code of ethics of the Clarity Act will be discussed further

On 23 July, United States Senator Cynthia Lummis (one of the principal negotiators of the Digital Asset Market Clarity Act, short Clarity Act) stated that, although the text of the bill had been published and was “at last one step closer” to its formal adoption, many of its core elements could still be modified, including provisions on ethics for government officials. In an interview with CoinDesk on Wednesday, Lummis stated that the Senate Judicial Committee, the Ethics Committee and the Intelligence Committee were involved in the drafting of the bill. Although the entire legislative process was “very difficult”, the bill is now ready for further feedback. She said: “It is time to show everyone the complete bill that we will ultimately vote on and to hear feedback from the industries that are about to be regulated and from others. I'm glad we finally got to this point.” Earlier that day, Lummis published the latest version of Clarity Act, which consolidated the bills previously adopted by the Senate Banking Commission and the Agriculture Commission into a complete text. She also noted, however, that the publication was unlikely to be final. In addition, the conflict-of-interest restrictions (ethical provisions) on the participation of government officials in the activities of encrypted assets, as well as some provisions related to combating illegal financial activities, are expected to continue discussions and amendments this weekend。