Lummis Warns Delayed Vote Threatens CLARITY Act's Fate

U.S. Senator Cynthia Lummis has expressed concern that a delayed vote on the CLARITY Act could ultimately lead to its failure.

The bill aims to provide regulatory clarity for digital assets by defining which cryptocurrencies are securities and which are commodities.

Lummis, a prominent Republican advocate for cryptocurrency, warned that 'a thousand cuts is just as deadly as one bullet,' suggesting that procedural delays can be damaging to the legislation's momentum.