Lummis: Democrats Reject CLARITY Act Conflict-of-Interest Limits on Chief Compliance Officers

The reversal matters less for the rule itself than for what it signals about the CLARITY Act's path: a provision both sides once treated as necessary is now being waved off, suggesting the bill's remaining sticking points are political rather than substantive. Compliance-officer independence would have directly shaped how affiliated crypto entities are supervised, so dropping it quietly shifts where conflicts oversight lands. Whether the provision stays out, and whether it resurfaces in a later version, is the open question.