CoinScoopSenator Lummis notes CLARITY Act requirements for crypto project audits
U.S. Senator Cynthia Lummis stated that the CLARITY Act included a provision requiring crypto projects raising over $25 million from the public to provide audited financial statements. The bill failed to advance following a procedural vote in the Senate on Sept. 15, with opposition from Democratic lawmakers.
Summaries are written by AI from the original article. Not investment advice.