Europe Moved First, Now America Wants CLARITY

In Brief

• Senator Cynthia Lummis says the CLARITY Act will help the US catch up with global crypto regulation leaders.
• Lummis remains strongly pro-crypto, arguing that digital assets are key to maintaining American financial leadership.
• The CLARITY Act aims to provide clearer rules, attract institutions, and keep crypto innovation in the US.

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The United States has fallen behind other major jurisdictions when it comes to crypto regulation, but the CLARITY Act is intended to change that, Senator Cynthia Lummis says.

Lummis tweeted on Sunday a message that can be considered both political and promotional. She writes: “Europe has its framework. The UK has its framework. The UAE has its framework. The United States will have the Clarity Act.”

She is positioning the CLARITY Act as America’s answer to the regulatory frameworks that competitors across the world have already implemented a while ago. She’s also insinuating that the Clarity Act is not a possibility but a certainty.

‘I believe in digital assets’

Lummis is a strong supporter of the incoming bill. Just over the weekend, she made several posts about it, stating that “the dollar’s reserve status was not an accident” but “the result of American leadership,” the same type of leadership that’s “required right now in digital assets.”

“I believe in America’s ability to lead. I believe in digital assets. I believe we are going to get the Clarity Act done.”

On Monday, she also argued that the CLARITY Act is not the end of the road, being just a beginning instead.

Lummis has consistently advocated in the US Congress for clear crypto regulations rather than restrictive oversight, as well as Bitcoin adoption, both by individuals and institutions. She also wants crypto to be treated as a legitimate part of the financial system, and for the country to form policies aimed at keeping crypto businesses in the US.

That said, she is not an advocate of a completely unregulated market. Rather, she’s pro-crypto, pro-innovation, and pro-regulatory clarity.

The US joining the peers

The CLARITY Act would bring clearer rules for exchanges and token issuers, greater legal certainty for businesses, more institutional participation, and a stronger chance of keeping crypto innovation and capital inside the U.S. rather than pushing it overseas.

The House passed its version in 2025, and it cleared the Senate Banking Committee, but now it needs to pass the Senate, with market analysts placing the odds at roughly 50:50%. The bill is also running out of time before the Senate’s August recess.

The CLARITY Act is expected to become the US equivalent of other major legislation. Europe already has a comprehensive crypto framework through Markets in Crypto-Assets Regulation (MiCA), the United Kingdom’s new crypto regulatory framework is finalized and will officially come into force in October 2027, and the United Arab Emirates has established dedicated crypto rules and licensing systems.

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