IllustrativeSenator Cynthia Lummis Says US Will Play 'Catch Up' On Crypto Regulation Without CLARITY Act
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Senator Cynthia Lummis has expressed concerns that the US will fall behind in crypto regulation if the CLARITY Act is not passed. This suggests that the US may struggle to keep pace with other countries' regulatory approaches to cryptocurrency without this legislation. The senator's comments imply that the CLARITY Act is seen as necessary for the US to maintain its position in crypto regulation.