Ricketts Votes to Advance Landmark, Bipartisan Digital Asset Market Structure Legislation

WASHINGTON, D.C. – Today, U.S. Senator Pete Ricketts (R-NE), a member of the SenateBanking Committee, issued the following statement after the committee voted 15-9 to advance the CLARITY Act : “As Governor, I signed legislation into law that put Nebraska at the forefront of financial innovation.  As Senator, I am proud to vote for the CLARITY Act.  It establishes clear and enforceable guardrails for digital asset markets.  It will counter illicit financial activity and national security threats and foster innovation.  I also fought for provisions that will preserve Nebraska’s recently passed law that has helped curb crypto ATM scams.” Background The CLARITY Act establishes clear, enforceable guardrails for digital asset markets that protect consumers and investors, counters illicit finance and national security threats, and supports responsible innovation in the United States. This bill is the product of extensive, bipartisan negotiations and engagement with regulators, law enforcement, academics, and industry stakeholders.  During the negotiations, Senator Ricketts worked to include a provision to Section 205, preserving the authority of states to enforce consumer protection laws combatting cryptocurrency kiosk ATM scams and fraud. As Governor of Nebraska, Senator Ricketts signed Nebraska’s Financial Innovation Act into law, making Nebraska the second state in the country to establish a state-level regulatory system for digital assets.