Lummis Warns US Risks Losing Decade of Digital Asset Growth Without CLARITY Act Passage

US Senator Cynthia Lummis is urging swift passage of the CLARITY Act, a market-structure bill for digital assets. If the bill does not pass in the current Congress, she believes it may be another decade before there's another meaningful opportunity to advance such legislation.

Lummis warns that delaying the bill could cause the US to miss out on economic opportunities tied to the digital-asset industry. Passing the CLARITY Act now would help avoid wasting years of potential growth in jobs, investment, and tax revenue.

The bill aims to clarify regulatory jurisdiction and market structure for digital assets in the US. Senator Lummis is pushing for quick action, arguing that failure to complete the legislation during this congressional session could delay a broader framework for years.