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Cynthia Lummis Warns Senate Delay Could Let Foreign Nations Shape Crypto Rules
Senator Cynthia Lummis has warned that continued hesitation in Congress could allow foreign jurisdictions to shape the global rulebook for digital assets before the United States acts. Her remarks came as the CLARITY Act moves closer to Senate floor consideration after clearing the Senate Banking Committee with bipartisan support. The bill seeks to establish a federal market structure framework for digital assets, with the Commodity Futures Trading Commission overseeing decentralized digital commodities and the Securities and Exchange Commission retaining authority over assets that meet securities definitions. ... (full story)
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