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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.

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Lummis warns CLARITY Act failure could delay crypto bill until 2030 - CoinPost Terminal