CLARITY Act or 2030? Senator Lummis Warns US Crypto Regulation Could Face Years of Delay

Senator Cynthia Lummis has raised the stakes in the debate around the CLARITY Act. The senator warns that failing to pass the crypto regulation bill this Congress could delay the next serious legislative attempt until 2030.

The implication is that years of regulatory uncertainty could dampen the US crypto market and shift investment and jobs.

Related: CLARITY Act Faces September 15 Senate Test as Crypto Braces for a Decisive Week

Why Senator Lummis Says the CLARITY Act Could Be Delayed Until 2030

What Cynthia Lummis Said About the 2030 Deadline

Senator Cindy Lummis has warned that the window for passing comprehensive crypto market structure legislation will only open once, and if the CLARITY Act fails, another effort would not happen until 2030.

Senator Lummis warned that years of uncertainty around digital asset regulation would have a significant impact. She highlighted the jobs and tax revenue implications of inaction in the current Congress.

Why the Current Congress May Be the Last Realistic Chance

The current Congress has momentum on Capitol Hill around CLARITY Act crypto regulation. Committee work on jurisdiction, DeFi language, and market definition has taken place over several months.