Senator Cynthia Lummis has emphasized the urgent need for the passage of the CLARITY Act, warning that delays in its implementation could result in the United States losing its competitive edge in the global market. Lummis argues that each day without the Act allows other nations to advance in the rapidly evolving cryptocurrency and blockchain sectors. The CLARITY Act is designed to provide clear regulatory guidelines for digital assets, aiming to foster innovation and investment in the U.S. crypto industry.