Speaking to CNBC, Senator Lummis said large banks are trying to stop the Clarity Act because they cannot compete, adding that Bitcoin is "winning."
Senator Lummis said in an interview with CNBC that major banks are trying to kill the Clarity Act, arguing they cannot compete with the crypto sector. She said, "This will be the financial system," and added that banks are "fighting for their lives" and "losing," while "Bitcoin is winning." The remarks frame the Clarity Act as part of a broader contest between traditional finance and digital assets, though the source provides no further legislative detail.