Sen. Lummis pushes for immediate Clarity Act passage, warns crypto firms may flee overseas.

Senator Cynthia Lummis has called for the immediate passage of the Clarity Act, cautioning that the absence of clear regulatory guidelines risks pushing crypto businesses out of the United States and into more permissive jurisdictions abroad.

Lummis has been one of the most consistent pro-crypto voices in the Senate, and her latest push signals growing urgency on Capitol Hill to establish a coherent federal framework before the industry votes with its feet. The Clarity Act is designed to resolve the longstanding jurisdictional ambiguity between the SEC and CFTC over digital assets.

With several major economies already advancing their own crypto frameworks, the window for the US to set the terms — rather than react to them — is narrowing.