The United States risks ceding its crypto leadership to other nations if lawmakers don’t push through a comprehensive market framework known as the CLARITY Act. Senior lawmakers and industry observers say passing the crypto market structure bill is pivotal to preventing a future in which Beijing or other cities write the rules of the next financial era. Senator Cynthia Lummis of Wyoming has been a leading advocate, arguing that a clear regulatory path would solidify America’s role in shaping the evolution of digital assets rather than letting the global tide turn elsewhere.The core argument is simple: a robust, predictable regulatory...