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DeFi Amendment to CLARITY Act Rejected 13-11 as Lummis and Van Hollen Clash on May 14

Regulation & Policy

2026-05-14 16:02:02

ACT-0.92%

ON1.68%

MAY0.02%

According to BlockBeats, on May 14, Senators Van Hollen and Cynthia Lummis debated a proposed amendment to add DeFi anti-money laundering provisions to the CLARITY Act. Van Hollen supported the amendment, arguing that DeFi tool developers knowingly facilitate money laundering and sanctions evasion and should face legal consequences. Lummis opposed it, stating existing U.S. law already criminalizes such conduct under 18 USC Sections 1956 and 1957, making the additional provision unnecessary. The amendment was rejected 13-11.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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