Lummis Warns Crypto Rules Let China Lead if CLARITY Bill Stalls

The United States faces a strategic crossroads on crypto regulation as lawmakers push the Digital Asset Market Clarity Act (CLARITY) to reshape market structure and regulatory clarity.

Lummis Warns Crypto Rules Let China Lead if CLARITY Bill Stalls. The United States faces a strategic crossroads on crypto regulation as lawmakers push the Digital Asset Market Clarity Act (CLARITY) to reshape market structure and regulatory clarity. Senator Cynthia Lummis of Wyoming argues that without a comprehensive framework, the U.S. risks ceding leadership in the global financial system to peers, including China. Her message is clear: passing a robust, clear regime is essential to keep the U.S. at the forefront of the next era of finance. In May, the Senate Banking Committee moved the CLARITY Act forward after months of stalemate, reviving hopes that the measure could become law in 2026. Yet the road ahead remains uncertain as opposition from the banking lobby and the timing of the upcoming midterm elections complicate prospects for...