Lummis urges CLARITY Act passage ahead of Senate vote

Senator Cynthia Lummis called on her colleagues to pass the CLARITY Act ahead of a Senate vote, framing the choice as between "American innovation and strong consumer protections" or "ceding the future of finance to China." The market-structure bill, which would establish a federal framework for digital assets, has been pending before the Senate with SEC Chair Paul Atkins previously expecting a vote as soon as September 15. The statement comes as the industry's focus shifts to the general election and the bill's legislative path faces uncertainty.