PiCK
Lummis Says Next Real Chance to Pass CLARITY Act Is 2030 if Congress Misses This Session
Summary
- Senator Cynthia Lummis said that if the CLARITY Act does not pass in the current Congress, the next meaningful opportunity will be 2030.
- Lummis stressed that if the bill is delayed, the US could miss economic opportunities tied to the digital-asset industry.
- She said that passing the bill now would help avoid losing years of opportunity in jobs, investment, and tax revenue.
Forecast Trend Report by Period
Calls are mounting for swift passage of the CLARITY Act, a US market-structure bill for digital assets.
On September 6, US Senator Cynthia Lummis wrote on X that if the CLARITY Act does not pass in the current Congress, the next meaningful opportunity to advance a market-structure bill will not come until 2030.
Lummis said a delay in passing the bill could cause the US to miss economic opportunities from the digital-asset industry. Completing the legislation now would help avoid wasting years of opportunity in jobs, investment and tax revenue, she added.
The CLARITY Act is intended to clarify regulatory jurisdiction and market structure for digital assets in the US. Lummis's remarks appeared aimed at pressing for quick action, arguing that failure to complete the legislation during this congressional session could delay the broader framework for years.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.