U.S. Senator Cynthia Lummis has announced substantial progress in crypto legislation through the enactment of the GENIUS Act and the introduction of the CLARITY Act, establishing critical regulatory guardrails for the digital asset market. New laws aim to resolve jurisdictional ambiguities while fostering innovation, with parallel efforts addressing risks at the blockchain-AI intersection through the RISE Act.
The GENIUS Act has been formally signed into law, authorizing cryptocurrencies’ operation within the U.S. financial system for the first time. Meanwhile, the CLARITY Act proposes defining ‘ancillary assets’ to clarify regulatory treatment for digital tokens not classified as securities, resolving long-standing market uncertainties.
Senator Lummis emphasized these frameworks emerged from four years of bipartisan collaboration incorporating feedback from regulators and industry experts. The parallel RISE Act specifically targets verification protocols for artificial intelligence outputs utilizing blockchain, seeking to mitigate misinformation risks stemming from AI systems.
Addressing crypto innovators, Lummis reaffirmed the government’s commitment to establishing clear growth pathways, citing former President Trump’s objective of cementing U.S. leadership in cryptocurrency. She urged developers to actively participate in ongoing regulatory discussions.
Collectively, these legislative measures provide unprecedented clarity for digital assets while balancing consumer protection with technological advancement ambitions.