U.S. Senator Cynthia Lummis has urged swift passage of the CLARITY Act, warning that a failure to establish a comprehensive digital asset framework could allow China to shape global cryptocurrency regulations.
Speaking to the press, Lummis emphasized that clear and enforceable legislation is critical for the U.S. to maintain its position as a leader in blockchain technology and financial innovation.
The bill recently advanced through the Senate Banking Committee, ending months of legislative delays. Lummis argued that a lack of regulatory clarity could create uncertainty for American businesses and investors, while other nations rapidly expand their own digital asset frameworks.
According to Lummis, the CLARITY Act would offer legal certainty, attract institutional investment, and ensure the United States remains competitive as global adoption of blockchain infrastructure accelerates.
If the United States doesn’t establish the global standard for digital asset regulation, someone else will.
China is not waiting.
The Clarity Act is how America leads — and how we ensure our adversaries don’t write the rules of the next financial era.
— Senator Cynthia Lummis (@SenLummis) May 30, 2026
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