Senator Cynthia Lummis is sounding the alarm on the global crypto race, stating publicly that both China and Europe are actively competing with the United States to establish dominance in the digital asset space. The warning carries weight coming from one of Congress's most vocal crypto advocates and the architect of the Bitcoin Act.
The geopolitical framing is significant: China has been advancing its digital yuan infrastructure and maintaining selective pressure on private crypto activity, while Europe's MiCA framework — now in full effect — gives the EU a comprehensive regulatory structure the US still lacks. Lummis's remarks implicitly argue that regulatory inaction in Washington is not a neutral stance; it is ceding ground.
For markets, the statement reinforces a narrative that has been building in Washington: crypto policy is increasingly being debated as a matter of national…
CoinTelegraph
WuBlockchain
TheBlock