Sen. Cynthia Lummis urges immediate CLARITY Act passage amid China and EU crypto push

U.S. Senator Cynthia Lummis said the United States needs to move quickly on crypto legislation, arguing it could lose digital-asset leadership to China and Europe without action. She pointed to China's digital yuan expansion and the EU's MiCA regime, while noting the GENIUS Act and CLARITY Act are moving through the Senate with a 2026 vote target.