Lummis Warns Delay of CLARITY Act Could Stymie Crypto Market Structure Legislation Until 2030

U.S. Senator Cynthia Lummis has expressed concerns that the CLARITY Act may not be passed during the current Congress, potentially delaying market structure legislation until 2030.

Lummis, a Wyoming Republican and leading advocate for digital asset regulation, made this warning in a post on X, according to Cointelegraph. She emphasized the importance of completing the legislation within the current congressional session.

The CLARITY Act aims to establish a clearer regulatory framework for digital assets in the United States, including rules defining their legal status and allocating oversight responsibilities between federal regulators.