Senator Cynthia Lummis
@SenLummis
Real progress requires real coalition-building. The CLARITY Act brings together voices across the digital asset ecosystem who are ready to move forward. We have the administration. We have the momentum. What we need now is action before the opportunity slips away.
Patrick Witt
@patrickjwitt
“No bill is better than a bad bill.”
What a privilege it is to be able to say those words thanks to President Trump’s victory, and the pro-crypto administration he has assembled.
But let’s not kid ourselves. There *will* be a crypto market structure bill — it’s a question of when, not if. Assuming a multi-trillion dollar industry will continue to operate indefinitely without a comprehensive regulatory framework is pure fantasy.
So, do we take advantage of the opportunity to pass a bill now, with a pro-crypto President, control of Congress, excellent regulators at the SEC and CFTC to write the rules, and a healthy industry? Or do we fumble the ball and allow Dems to write punitive legislation in the wake of a future financial crisis à la Dodd-Frank?
You might not love every part of the CLARITY Act, but I can guarantee you’ll hate a future Dem version even more.
Let’s keep working to improve the product, recognizing that compromises will need to be made in order to get 60 votes in the Senate, but let’s not let perfect be the enemy of the good.
2026-01-21T00:52:23.000Z
2026-01-21T21:38:06.000Z