Senator Lummis "Clarity Grants Civil Liability Immunity When Freezing Stablecoins Suspected of Illegality"

U.S. Republican Senator Cynthia Lummis, a prominent pro-crypto figure, pointed out that "currently, exchanges and issuers are exposed to the risk of lawsuits if they freeze stablecoins suspected of illegal activities." She further emphasized that "the Clarity Act grants exchanges and issuers the authority to block illegal financial activities without incurring civil liability."