U.S. Senator Cynthia Lummis Urges Congress to Pass CLARITY Act Now

Cynthia Lummis said missing action in the current U.S. Congress could delay the CLARITY Act until 2030, underscoring the limited window for crypto market structure legislation.

Summary

U.S. Senator Cynthia Lummis called for the CLARITY Act to be passed during the current session of the U.S. Congress, warning that failure to act now could push the next opportunity to 2030. Her remarks highlight the urgency around U.S. crypto market structure legislation, which the industry broadly views as important for defining oversight, reducing regulatory uncertainty, and setting clearer rules for digital asset businesses and investors.

Terms & Concepts
  • CLARITY Act: A proposed U.S. crypto market structure bill intended to clarify how digital assets are regulated and which authorities oversee them.
  • Market structure legislation: Rules that define how financial markets operate, including which regulators have authority and how firms must comply.
  • Digital assets: Blockchain-based assets such as cryptocurrencies and tokens that can represent value, utility, or ownership.