Lummis: 'CLARITY Act, a watershed for US crypto supremacy'

US cryptocurrency regulatory legislation stands at a critical juncture. Senator Cynthia Lummis emphasized that the CLARITY Act is not just a crypto bill but a turning point determining whether the US will lead the next global financial system or fall behind countries like China, Singapore, and the UAE. The bill aims to clarify market structure and regulatory authority for digital assets, having passed the House with bipartisan support in early 2025 and advanced by the Senate Banking Committee 15-9 last May.

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