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Crypto Regulation

Key US Crypto Policymakers Exit as CLARITY Act Talks Stall

Senator Cynthia Lummis, who chairs the Senate Banking Committee’s digital assets subcommittee and led the CLARITY Act, will not seek another six-year term, while Senator Thom Tillis is leaving at year-end and SEC Commissioner Hester Peirce’s term expires Friday. The exits come as the market-structure bill’s cloture vote failed nearly two weeks ago, with banking, crypto and enforcement groups still fighting over who drafts the next version.

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AI take

The simultaneous departure of three figures central to US crypto policy removes the small group of lawmakers and regulators most fluent in market-structure detail, just as the CLARITY Act stalls on a failed cloture vote. That vacuum matters most for the banking, crypto and enforcement groups now fighting over who drafts the next version, since institutional memory and negotiating relationships leave with them. Whether the bill's leadership void is filled by remaining committee members, or whether the process drifts into a slower, more fragmented rewrite, is the open question to watch.

Generated by AI for reference only.

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