Lummis Warns Delayed Crypto Regulation Could Cost US Years of Progress

Crypto regulation could be delayed until 2030 if the CLARITY Act stalls in Congress, warns US Senator Cynthia Lummis.

The Wyoming Republican is urging lawmakers to complete work on the bill as the Senate prepares for a key procedural vote on September 15. The legislation aims to establish clearer rules for digital assets and define the responsibilities of federal regulators.

Lummis said failure to pass the CLARITY Act could push crypto market-structure legislation to 2030, arguing that waiting several more years could have economic consequences, particularly if businesses and investors continue operating under a fragmented regulatory system.