Sen. Cynthia Lummis, R-Wyo., discusses the status of the CLARITY Act and warns that if the bill fails, the cryptocurrency industry could leave the U.S. for offshore jurisdictions like Switzerland or Singapore.
Wyoming Sen. Cynthia Lummis joins Maria Bartiromo to discuss the ongoing negotiations surrounding the landmark CLARITY Act crypto legislation. Lummis warns that without a clear regulatory framework, the cryptocurrency industry will leave the United States for foreign markets. She emphasizes that the bill represents a pro-law enforcement approach and challenges Democrats to put it to a vote before the August recess.
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