Lummis Sounds Alarm on ‘Regulatory Dark Ages' if Congress Fails to Pass CLARITY Act

Senator Cynthia Lummis warned that if the CLARITY Act fails to advance in the current legislative session, software developers in the United States will face criminal prosecution simply for publishing code. Lummis described that scenario as a “regulatory dark age“, a direct critique of the SEC's approach of regulating through enforcement rather than formal rulemaking, a practice that has defined U.S.