US Crypto Legislation Delayed Until 2030 if CLARITY Act Fails, Warns Senator Lummis

The US cryptocurrency industry is facing a significant setback due to the lack of comprehensive legislation governing digital assets. Senator Cynthia Lummis has warned that meaningful federal legislation may not return to the congressional agenda until 2030 if the proposed CLARITY Act fails to advance.

This warning has sparked renewed debate across the cryptocurrency industry, financial markets, and policy circles as lawmakers continue discussions over how digital assets should be regulated in the United States. The debate is taking place against a backdrop of increasing international competition, with countries around the world developing regulatory frameworks designed to attract blockchain companies and digital asset businesses.