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Digital asset companies leaving U.S. over slow regulation, Cynthia Lummis notes

Digital asset companies leaving U.S. over slow regulation, Cynthia Lummis notes
Digital asset firms urge U.S. action

Cynthia Lummis, U.S. Senator, Wyoming at U.S. Senate, stated that digital asset companies are increasingly relocating offshore because Congress has not acted on regulation.

She said her bill, the Clarity Act, aims to address these issues and reaffirmed her commitment to ensuring the U.S. leads in digital asset regulation.

Lummis has previously defended Wyoming’s approach to digital asset oversight, emphasizing that the state’s crypto regulation holds firms to stricter standards than banks under its framework (Wyoming's crypto regulation standards). She also described the Clarity Act as “a small step for legislation, but a giant leap” for policy in the digital asset sector (Clarity Act represents a leap for digital assets). Her recent remarks follow a pattern of advocating for clear federal rules governing digital assets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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