LUMMIS, BOOZMAN, SCOTT RELEASE FINAL CLARITY ACT TEXT

WASHINGTON, Sept. 14 -- Sen. Cynthia Lummis issued the following press release:

Washington, D.C.-U.S. Senate Banking Digital Assets Subcommittee Chair Cynthia Lummis (R-WY) alongside Chairmen John Boozman (R-AR) and Tim Scott (R-SC) released a final draft of theDigital Asset Market Clarity Actbefore Tuesday's vote, reflecting over a year of bipartisan negotiations and 126 substantive changes made at the request of Democrats.

The final text includes new ethics language which reflects substantially all of the Tillis-Gallego ethics proposal, including a meaningful role for state attorneys general in enforcement. It also gives the Secretary of the Treasury new authority to prevent deposit flight tied to payment stablecoins, providing a strong...