Cynthia Lummis comments on Tether lawsuit over frozen funds, advocates for CLARITY Act

US Senator Cynthia Lummis addressed the lawsuit against Tether regarding the freezing of $42.4 million in USDT, stating it highlights a dangerous gap in combating illicit finance. She argued that current regulations leave issuers and exchanges vulnerable to lawsuits when attempting to freeze assets suspected of illegal activity. Lummis emphasized that Section 305 of the CLARITY Act would provide the necessary legal protection for these entities to act without fear of civil liability.