Senator Lummis Warns US Crypto Leadership at Risk Without CLARITY Bill Passage
By
@cointelegraph
Master baker tier. Every paragraph earns its place on the tray.
Summary
Wyoming Senator Cynthia Lummis warns that the United States risks losing its leadership position in cryptocurrency to countries like China if Congress fails to pass the Digital Asset Market Clarity Act (CLARITY). The bill aims to establish a comprehensive crypto regulatory framework to ensure the US, rather than other nations, writes the rules for the next financial era. Lummis emphasizes that the window for passing the legislation is narrowing.
Key quotes
· 3 pulledPassing a comprehensive crypto regulatory framework would 'ensure' that other countries 'do not write the rules of the next financial era.'
America built the dollar-dominated financial system that has anchored global stability for a century. The Clarity Act ensures we build the next one.
The time to act is now.
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