U.S. Senator Cynthia Lummis has called for urgent action to pass the CLARITY Act, warning that delays could postpone regulatory advancements for the crypto industry until 2030. Lummis emphasized the importance of the bill in defining regulatory responsibilities and fostering innovation, especially with the U.S. midterm elections potentially shifting congressional priorities. The CLARITY Act aims to establish a clearer regulatory framework for cryptocurrencies, which industry leaders argue is crucial for market growth. Former White House AI and crypto affairs head David Sacks and SEC Chair Paul Atkins have both expressed support for the legislation, highlighting the need to eliminate regulatory uncertainty. Coinbase CEO Brian Armstrong also advocates for swift legislative action to enhance market participation and innovation.