Crypto.com Network reports that Wyoming Senator Cynthia Lummis warned on May 29 that the current Congress is the last chance to pass comprehensive digital asset legislation; if it fails, the next legislative window will open in 2030. She said that during this period, developers will face the risk of lacking legal protections, and law enforcement will also lack tools to hold parties accountable. Lummis noted that on May 14, the Senate Banking Committee advanced the “CLEAR Act” with a vote of 15 to 9, marking substantial progress in the ongoing debate over stablecoin yields. Despite this, a full Senate vote still faces challenges, especially as the 2026 midterm elections approach and time is tight. Lummis emphasized that the current political situation is difficult to sustain, and if the composition of Congress changes, the industry may have to start over.

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TheNemesisOfFomo
· 7h ago
The legal protection vacuum period is really hurting builders. Hopefully, it won't be dragged out until 2030.
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KiteRerouter
· 12h ago
2030 is too far away; developers can't wait.
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GateUser-991fc58a
· 13h ago
The industry’s biggest fear is policy uncertainty; if we miss this window of opportunity, we’ll have to wait four more years.
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AutumnTranquility
· 13h ago
From the committee vote to a hospital-wide vote, every step is a war of attrition—can it be implemented by before 2026?
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YieldFarmLibrarian
· 13h ago
Wyoming has always been a pioneer in crypto legislation, and Lummis has the confidence to say this.
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GateUser-470bc925
· 13h ago
Law enforcement agencies lack tools, hackers are quite happy about that.
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TidalShellReflection
· 13h ago
Whenever the political situation changes, they start over from scratch—who can handle that?
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GateUser-4cc35c5c
· 13h ago
The controversy over stablecoin yields is already difficult to advance, and it will be even harder later.
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