Sen. Cynthia Lummis Backs Bitcoin’s National Security Role, Urges Passage of Clarity Act

Cynthia Lummis said digital assets are becoming part of global power infrastructure and called for the Clarity Act to strengthen the United States’ future.

Summary

Sen. Cynthia Lummis praised Admiral Paparo’s use of Bitcoin in a national security context and said digital assets are integrating into global power infrastructure. She argued that the United States should welcome these assets back onshore and urged lawmakers to pass the Clarity Act, a proposed crypto market structure bill intended to provide clearer rules for the industry.

Terms & Concepts
  • Bitcoin: A decentralized digital currency that operates on a blockchain, allowing peer-to-peer transfers without a central authority.
  • digital assets: Blockchain-based assets such as cryptocurrencies or tokenized instruments that can be transferred and stored digitally.
  • Clarity Act: A proposed U.S. crypto legislation framework aimed at clarifying how digital assets are regulated and supervised.