Lummis to Congress: Pass the CLARITY Act Now or Enjoy Your 2030 Crypto Timeout

Senator Cynthia Lummis is sounding the alarm like a degen who just realized they missed the airdrop: the US has one shot to pass the CLARITY Act before 2030, and time is running out faster than liquidity during a bank run.

In an X post on Friday, the crypto-friendly senator warned that this is "our last chance to pass the Clarity Act until at least 2030," adding that the country can't afford to "surrender America's financial future." Basically, it's now or never, folks—or maybe wait another half-decade while Washington figures out how to define a token.

The urgency comes as industry participants grow increasingly anxious about the bill's chances amid shifting political winds. November's midterm elections could shift congressional priorities and stall momentum on the long-awaited crypto legislation. Nothing says "regulatory clarity" like waiting for Congress to finish arguing about earmarks before they get back to figuring out if your JPEG is a security.

Former White House AI and crypto czar David Sacks echoed the sentiment, urging the Senate Banking Committee and full Senate to pass market structure legislation. "President Trump will sign this landmark bill into law," he said. Word is bond—if Congress can actually get its act together long enough to put something on his desk.

Industry heavyweights are also piling on. A16z Crypto managing partner Chris Dixon emphasized that "when rules are defined, both consumers and entrepreneurs win." Immutable founder Robbie Ferguson went further, saying the CLARITY Act will make "the last decade of growth in gaming look like a joke." That's either massive cope or the biggest gamma squeeze on gaming adoption we've ever seen.

Coinbase CEO Brian Armstrong, who withdrew the exchange's support for the Digital Asset Market Clarity Act in January, changed his tune on Friday: "it's time" for the legislation to pass after months of delays. Nothing like a good old-fashioned reversal to keep everyone guessing what's next.

Coinbase chief legal officer Paul Grewal noted the bill could be nearing a markup hearing in the Senate Banking Committee, though progress depends on resolving disagreements over stablecoin yield. Because nothing unites Washington quite like arguing about who gets to keep the interest on your USDT.

Even regulators are getting on board. SEC Chairman Paul Atkins urged Congress to "future-proof against rogue regulators" and advance comprehensive market structure legislation to President Trump's desk. Nothing says "trust me, I'm from the government" quite like asking for more rules.