Lummis says U.S. risks ceding crypto rulemaking without the CLARITY Act

The senator argued that each week without the legislation gives other countries more room to shape digital-asset standards that the United States could otherwise influence.

Summary

Sen. Cynthia Lummis warned that delays to the CLARITY Act could leave the United States behind in setting the rules for crypto and digital assets. In a quoted statement, she said, “Every week without the CLARITY Act is a week another country writes the rules we should be writing.” The remark frames the bill as part of a broader competition over who sets regulatory standards for the sector, an issue that market participants often link to where crypto firms choose to build, invest, and launch products.

Terms & Concepts
  • CLARITY Act: Proposed legislation related to digital-asset market rules.