Bitcoin.com

Lummis Issues Ultimatum: CLARITY Act May Be Congress’ Final Shot at Crypto Law Before 2030

July 11, 202611:30 PM
Lummis Issues Ultimatum: CLARITY Act May Be Congress’ Final Shot at Crypto Law Before 2030

U.S. Senator Cynthia Lummis has issued a high-stakes warning to lawmakers, asserting that the CLARITY Act represents the final viable window to establish a formal digital asset market structure before 2030. With summer recesses and election-year pressures looming, Lummis is demanding immediate legislative action to prevent a prolonged period of regulatory ambiguity.

The passage of the CLARITY Act is viewed as a pivotal moment for the entire crypto ecosystem. Failure to act now could result in a decade of legal uncertainty, stifling institutional adoption and leaving the digital asset market vulnerable to fragmented and inconsistent oversight.

U.S. Senator Cynthia Lummis (R-WY) is urgently calling on Congress to pass the CLARITY Act, warning that the window for establishing a digital asset market structure is rapidly closing. Lummis emphasized that the bill faces significant hurdles, including the upcoming summer recess and intense election pressures, which could derail progress for years.

By pushing for this legislation, Lummis aims to provide the legal certainty required for the digital asset industry to thrive within the traditional financial framework, preventing a regulatory vacuum that could last until the end of the decade.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

Read Full Article at Bitcoin.com
QR Code Lightning

Support Jornal Bitcoin

Independent journalism, curated by AI, no clickbait. Keep the flame alive with any amount of BTC.

Wallet of Satoshi
jonata@walletofsatoshi.com

Daily Crypto Brief 📬

Subscribe to receive the curation of the most important Bitcoin and crypto news, summarized by AI. No spam.

Join more than 10,000 smart readers.

Related News

The Ultimate Banking Battle: Custodia Takes Fight Against the Fed to the Supreme Court
Bitcoin.com★ Featured

The Ultimate Banking Battle: Custodia Takes Fight Against the Fed to the Supreme Court

Custodia Bank has escalated its long-standing war against the Federal Reserve by filing a petition with the U.S. Supreme Court. The bank is challenging whether regional Federal Reserve presidents hold the legal authority to deny master account services, a move that directly threatens the viability of innovative business models within the digital asset space.

This legal showdown aims to curb the discretionary power of regional Fed banks, which have frequently blocked access to traditional banking rails for fintech and crypto-adjacent firms. A victory for Custodia could set a massive precedent, forcing the U.S. banking system to integrate more seamlessly with the evolving cryptocurrency economy and reshaping the regulatory landscape.
Massive $4.2M Crypto Scam Thwarted: Singapore Police and Exchanges Save 145+ Victims
Bitcoin.com★ Featured

Massive $4.2M Crypto Scam Thwarted: Singapore Police and Exchanges Save 145+ Victims

In a high-stakes six-week operation, the Singapore Police Force and major cryptocurrency exchanges successfully intercepted over $4.2 million in potential scam losses. By leveraging sophisticated blockchain analysis, authorities were able to identify and alert more than 145 victims, preventing the irreversible theft of their digital assets.

The successful intervention, which included critical assistance from Coinbase, highlights the growing synergy between law enforcement and the crypto industry. This proactive approach to blockchain forensics sets a new standard for protecting users against sophisticated cybercrime and large-scale fraudulent schemes in the decentralized economy.
The Mac Allister Paradox: World Cup Glory vs. Stagnant NFT Demand
Crypto Briefing

The Mac Allister Paradox: World Cup Glory vs. Stagnant NFT Demand

Alexis Mac Allister's rising stardom on the global football stage has exposed a startling disconnect within the digital asset landscape. Despite his massive success, his NFT cards are seeing virtually no market movement, signaling a profound gap between athletic excellence and the appetite for sports-based crypto collectibles.

This stagnation forces a critical re-evaluation of the digital asset appeal within the broader Web3 ecosystem. As trading volumes remain flat, the market is left questioning whether the hype surrounding sports NFTs can survive a reality where celebrity status fails to translate into blockchain-driven liquidity and demand.
Empery Digital Pivots: Sells Half of Bitcoin Treasury to Fund Massive AI Data Center Project
CoinTelegraph★ Featured

Empery Digital Pivots: Sells Half of Bitcoin Treasury to Fund Massive AI Data Center Project

Empery Digital (EMPD) has executed a massive strategic pivot, selling nearly half of its Bitcoin holdings to fuel a high-stakes expansion into artificial intelligence infrastructure. The firm liquidated 1,400 BTC for approximately $87.1 million, aiming to fund a new AI data center venture and settle outstanding corporate debt.

This move follows intense pressure from major shareholders who demanded an end to the company's Bitcoin treasury strategy. By reallocating capital from Bitcoin into industrial AI data centers, Empery is attempting to transition from its roots in electric powersports to become a key player in the AI infrastructure boom.
England Hits 2026 World Cup Semi-Finals as Fan Tokens and Sports Crypto Surge
Crypto Briefing★ Featured

England Hits 2026 World Cup Semi-Finals as Fan Tokens and Sports Crypto Surge

England's impressive run to the 2026 World Cup semi-finals is acting as a massive catalyst for the digital asset market. We are witnessing a high-stakes convergence where sports enthusiasm meets the booming world of fan tokens, driving unprecedented levels of digital interaction.

The rise of sports crypto highlights the volatile intersection of sports enthusiasm and digital finance, fundamentally impacting fan engagement. As blockchain technology integrates deeper into global athletics, the economic landscape of fandom is being reshaped by these emerging crypto-assets.
Switzerland Reveals World Cup Lineup vs Argentina as $ARG Fan Token Volatility Surges
Crypto Briefing★ Featured

Switzerland Reveals World Cup Lineup vs Argentina as $ARG Fan Token Volatility Surges

Switzerland has officially named its starting XI for the high-stakes World Cup quarter-final against Argentina, leaning heavily on their trademark defensive strength. As football fans await kickoff, the crypto market is reacting to the sudden stir surrounding the $ARG fan token.

This convergence of sports and finance underscores the growing influence of digital assets in global events. While Switzerland's tactical prowess defines their tournament run, the speculative nature of the $ARG fan token highlights how crypto volatility often mirrors the intense emotions of major sporting matchups.
Jornal Bitcoin Logo