Lummis warns CLARITY Act failure could delay crypto bill until 2030

  • Cynthia Lummis warned that failing to pass the CLARITY Act could delay similar legislation until 2030.
  • The Senate needs 60 votes to pass the measure after a Sept. 15 cloture vote.
  • Lummis said the United States could lose years of jobs, investment and tax revenue opportunities.

Pro-crypto Republican U.S. Sen. Cynthia Lummis warned that failing to pass the CLARITY Act during the current congressional session could push the next opportunity for a similar crypto market structure bill to 2030. She said the United States would lose years of potential job creation, investment and tax revenue. The U.S. Senate is scheduled to hold a cloture vote on Sept. 15 to advance debate, and the measure will need 60 votes to pass.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.