Wyoming Senator Cynthia Lummis commented on the voting of the CLARITY Act, stating that if the bill does not pass today, America is "done".

This statement was made on the same day that several key congressional figures voiced their opinions on the bill—House Financial Services Committee Chairman French Hill previously expressed an "optimistic attitude" towards the vote, citing 78 Democratic votes in support from a previous House vote; Senate Banking Committee Chairman Tim Scott stated that the bill "will undoubtedly pass"; in contrast, Lummis's wording was notably more intense, directly linking the bill's passage to the overall prospects of the United States.

The report did not further clarify what Lummis meant by "done"—whether it refers to the U.S. falling behind other jurisdictions in global digital asset innovation competition, or whether it indicates that the domestic crypto industry will remain in a state of regulatory uncertainty, further driving capital and talent outflow. She did not provide specific elaboration in this statement.

The timing of this statement coincides with the Senate Democrats' recently proposed counter-proposal, in which the criminal safe harbor provisions related to BRCA have not been restored, leaving only civil and regulatory safe harbors; this means that even if the bill ultimately passes, its actual protective strength has been significantly narrowed compared to the industry's initial demands.

From a market mechanism perspective, members of Congress using "life and death" style high-intensity wording before significant legislative votes is typically a strategic communication method to pressure swing voters and public opinion for last-minute support, rather than a purely objective risk assessment; for the market, such statements are seen as a sentiment indicator—if similar wording appears frequently, it often indicates that uncertainty regarding the bill's passage still exists, and both sides are laying the groundwork for the final voting results. Who benefits: If the bill ultimately passes, crypto companies and institutional investors that have publicly campaigned for clearer regulation may see a rebound in risk appetite, leading to short-term positive sentiment; who is under pressure: If the bill fails to pass as scheduled, the market expectations accumulated from such high-profile statements may lead to disappointing sell-offs of related crypto assets and concept stocks.

Source: Public Information