Lummis Urges Swift Passage of CLARITY Act, Calls It Last Chance Before 2030

Source
JH Kim

Summary

  • Sen. Cynthia Lummis called for swift passage of the digital-asset market structure bill (CLARITY Act).
  • Lummis said it "may be the last chance to pass the bill before 2030," stressing the importance of the legislative timeline.
  • Market participants said the fate of the CLARITY Act could influence the future direction of digital-asset regulation and the industry environment.

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Sen. Cynthia Lummis called for Congress to swiftly pass the CLARITY Act, a bill aimed at clarifying the market structure and regulatory framework for digital assets. She said further delays could make policy responses more difficult.

Watcher.Guru reported on July 10 that Lummis urged Congress to move quickly on the bill.

“It may be the last chance to pass the bill before 2030,” Lummis said, emphasizing the importance of timing.

The CLARITY Act would clarify the structure of the digital-asset market and its regulatory framework. It is seen as a key legislative priority as debate over digital-asset regulation continues in the U.S.

Market participants view the bill's fate as a factor that could influence the future direction of digital-asset regulation and the industry environment. Attention is focused on how congressional discussions proceed.

Photo: Shutterstock
Photo: Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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