Lummis Urges Action on CLARITY Act for U.S. Crypto Edge

Source: Coinomedia Original Title: Lummis Urges Action on CLARITY Act for U.S. Crypto Edge Original Link: https://coinomedia.com/lummis-urges-action-on-clarity-act-for-u-s-crypto-edge/ U.S. Senator Cynthia Lummis is doubling down on the urgent need for clear crypto regulations. In a strong statement, she warned, “Every day without the CLARITY Act is a day we cede our competitive edge to other nations.” This comment highlights growing frustration within the industry and among lawmakers over the lack of a consistent regulatory framework for digital assets in the United States.

The CLARITY Act, short for “Crypto Legal Accountability, Regulation, and Transparency for Innovation,” is a proposed piece of legislation aimed at defining clear rules for cryptocurrencies, DeFi, and other blockchain technologies. The Act seeks to provide legal certainty for innovators and investors alike, which many believe is critical to preserving America’s leadership in the global crypto race.

Falling Behind in the Global Crypto Race

Without regulatory clarity, crypto firms are increasingly looking to jurisdictions like the UAE, Singapore, and the EU—regions that have already introduced clear, supportive frameworks. The U.S., meanwhile, risks driving innovation offshore due to regulatory uncertainty and legal risks.

Lummis has long been a leading pro-crypto voice in Congress, and her latest remarks serve as a wake-up call to fellow lawmakers. Industry leaders echo her concerns, pointing out that the lack of clear rules stifles growth, deters investment, and leaves companies vulnerable to enforcement rather than guidance.

Why the CLARITY Act Matters Now

The passage of the CLARITY Act would help establish a clear distinction between cryptocurrencies classified as commodities versus securities, outline paths for token issuers, and set standards for exchanges. It would also reduce friction between federal agencies like the SEC and CFTC, offering a unified approach to regulation.

As other countries move ahead, Lummis and her supporters believe the U.S. must act fast. The longer America delays, the more ground it loses to competitors building the future of finance.