Recently, I noticed that the debate over U.S. cryptocurrency regulation has been heating up. What Senator Cynthia Lummis is strongly warning about is that if the CLARITY Act is not passed by 2030, the next opportunity to put together the next round of regulations will be delayed by 4 years. In other words, this moment right now is probably the truly last chance.

The fact that she posted on X, “We must not jeopardize the future of American finance,” isn’t mere political rhetoric—it reflects the real, practical challenges the entire industry is facing. If this bill becomes law, a clear regulatory framework will be put in place for the cryptocurrency industry, and the roles of each oversight body will be clarified. As a result, it will lay the groundwork for innovation and market growth.

What’s interesting is that strong calls for momentum are coming not only from government officials but also from the industry side. Former White House AI and cryptocurrency adviser David Sachs has also said, “Now is the time for action,” and he expects the bill to reach the president’s desk for signing. Multiple industry figures, including Senator Armstrong of Coinbase, are likewise urging accelerated legislation. In their view, clear rules will encourage innovation and increase market participation more than an uncertain regulatory environment.

SEC Chair Paul Atkins also shares this position, supporting efforts to pass comprehensive market-structure legislation. The view that regulatory uncertainty has been holding back industry development appears to be shared by both the government and the industry. However, as midterm elections approach, there is also the possibility that congressional priorities may shift. If that happens, the legislative opportunity that has finally arisen could be lost. It may be that it really is a race against time until 2030.