Sen. lummis rejects latest cortez masto proposal on digital-asset bill, citing shortfalls in developer protections

https://en.wikipedia.org/wiki/Catherine_Cortez_Masto Senator Cynthia Lummis has rejected a proposal from Senator Catherine Cortez Masto and prosecutors’ groups regarding the digital-asset market-structure bill, known as the CLARITY Act. The proposal aimed to rewrite protections in the Blockchain Regulatory Certainty Act (BRCA), which is part of the larger legislative effort to safeguard non-custodial software developers and blockchain infrastructure providers. Lummis’s rejection underscores her commitment to maintaining these protections while balancing them with law enforcement needs, per Eleanor Terrett. This development represents a significant moment in the ongoing legislative negotiations, as the CLARITY Act seeks to provide a regulatory framework that accommodates both innovation and security. The pricing for the “Clarity Act Signed into Law in 2026” market has experienced a decline, with current odds at 29.5% for a YES outcome. This marks a drop from 36% just 24 hours prior, suggesting that Lummis’s rejection may be viewed as a setback in the bill’s progress. The CLARITY Act, which includes provisions to prevent developers from being classified as money transmitters, remains...