Senator Cynthia Lummis has urged Congress to expedite the passage of the Clarity Act. She has reminded the lawmakers that the United States has a small window to legalize the crypto industry through the Clarity Act under President Donald Trump.
“Every day without the CLARITY Act is a day we cede our competitive edge to other nations. We have the most pro-digital asset president in U.S. history – the stars are aligned. Let’s get this landmark legislation across the finish line and secure America’s leadership in crypto,” Lummis Stated.
On Thursday, Senator Lummis stated that the United States has the opportunity to become a crypto capital for the world under President Trump. Furthermore, Lummis believes that the crypto industry would have been suppressed immensely if the Republicans had taken control of the government.
As such, Ripple CEO Brad Garlinghouse has urged Coinbase Inc. (NASDAQ: COIN) and its leadership to support the Clarity Act. Moreover, Garlinghouse believes that seeking to perfect this bill will kill good legislation that promises to end chaos and set the rules for the cry industry in the United States.
While speaking at the World Economic Forum (WEF) earlier this week, President Trump reiterated his support for passing the Clarity Act. As such, institutional investors, led by Strategy Inc. (NASDAQ: MSTR) and BlackRock Inc. (NYSE: BKR), have been betting on a crypto market reversal in the near term.
Moreover, Changpeng Zhao (CZ), cofounder of Binance, believes that the regulatory clarity in the United States will trigger a fresh crypto bull market and confirm a supercycle in 2026.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Ripple CEO Brad Garlinghouse says cryptocurrency markets could hit new all-time highs this year, as…
After the latest pullback, the Bitcoin price is recovering in such a way that traders…
Cryptocurrency markets may be heading into a prolonged growth phase that breaks away from Bitcoin’s…
India has stepped up its oversight of the cryptocurrency sector, directing exchanges to restrict transactions…
Grayscale Investments has moved forward with plans to expand its altcoin product lineup by filing…
Bitcoin is hovering near a crucial technical level, raising the risk of a deeper pullback…
