US down to 'last chance' to pass CLARITY Act before 2030: Lummis

Senator Cynthia Lummis just dropped the mic: the US is on its FINAL chance to pass the CLARITY Act before 2030. The Wyoming Republican warned that if Congress doesn't act now, crypto regulation gets kicked down the road for another four years. "We can’t afford to surrender America’s financial future," she posted on X.

The clock is ticking with midterm elections in November threatening to derail momentum. Former White House AI and crypto czar David Sacks echoed the urgency, saying the Senate should pass market structure legislation now so President Trump can sign it into law.

Industry insiders are screaming that clearer rules = more innovation + more retail adoption. A16z Crypto's Chris Dixon put it simply: "when rules are defined, both consumers and entrepreneurs win."

Web3 gaming giant Immutable founder Robbie Ferguson predicted the CLARITY Act would make the last decade of gaming growth "look like a joke." Even Coinbase CEO Brian Armstrong, who previously withdrew support, now says "it's time" for the legislation to pass.

Coinbase CLO Paul Grewal revealed the bill could be nearing a Senate Banking Committee markup hearing, though stablecoin yield disagreements need resolving first.

Regulators are joining the chorus too. SEC Chairman Paul Atkins called for Congress to "future-proof against rogue regulators & advance comprehensive market structure legislation to President Trump's desk."

Bottom line: The crypto industry's regulatory fate hangs in the balance. If Congress misses this window, the US risks falling behind in the global financial revolution.