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Lummis Warns of 10-Year Regulatory Delay for US Crypto

Guavy AI Editorial Team
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US Senator Cynthia Lummis has warned that failing to pass the CLARITY Act this Congress could delay serious legislative attempts on crypto regulation until 2030.

The senator believes that years of regulatory uncertainty would dampen the US crypto market, shifting investment and jobs.

Lummis emphasized the importance of passing comprehensive crypto legislation in the current Congress, citing the potential loss of 'years of jobs, investment, and tax revenue' if it fails.

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