Senator Lummis warns US risks losing digital asset firms to Europe and China
Senator Cynthia Lummis has expressed concerns that the lack of clear regulations in the U.S. is driving digital asset firms to relocate to countries with more defined frameworks. She highlights Europe's MiCA regulation and China's digital yuan as examples of clarity that attract companies. Lummis is advocating for two bills aimed at establishing clearer regulatory guidelines for digital assets and stablecoins.
- ▪Senator Lummis warns that American crypto companies are leaving for jurisdictions with clearer regulations.
- ▪Europe's Markets in Crypto-Assets regulation and China's digital yuan are cited as examples of effective regulatory frameworks.
- ▪Lummis has proposed the CLARITY Act and the GENIUS Act to provide clearer definitions and regulations for digital assets.
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Senator Lummis warns US risks losing digital asset firms to Europe and China The Wyoming Republican says Congress's inaction on crypto regulation is pushing American companies offshore, and she has two bills she thinks can fix it. Share Add us on Google by Editorial Team May. 20, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Senator Cynthia Lummis, chair of the Senate Banking Subcommittee on Digital Assets, is sounding the alarm…
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