Senator Lummis warns that failure to pass the CLARITY Act in current Congress could delay U.S. crypto market-structure legislation until 2030.
Regulation & Gov ·
U.S. Senator Cynthia Lummis has cautioned that if the CLARITY Act fails to advance in the current Congress, the next feasible window for comprehensive crypto market-structure legislation may not arrive until 2030. According to the senator's statement, passing the bill now could prevent prolonged delays in establishing regulatory frameworks for digital assets.
The CLARITY Act is positioned as foundational legislation for structuring U.S. oversight of crypto markets. Lummis framed the stakes by highlighting potential consequences of further delay: foregone jobs, investment, and tax revenue. Legislative calendars and competing priorities in Congress mean that crypto regulation, if not resolved in the present session, faces a substantial gap before the next realistic opportunity for passage.
The precise conditions that would trigger a return to the legislative agenda in 2030 remain unspecified. It is unclear whether Lummis's timeline reflects structural features of the Congressional cycle, shifts in political priorities, or other factors that might constrain action on crypto market structure in intervening years.