Jun 24, 2026 · 18 min · 10 segments
With U.S. debt now exceeding 100% of GDP, Senator Cynthia Lummis argues the country can't afford to ignore Bitcoin. In this Bitcoin Magazine podcast conversation with host Spencer Nichols, she lays…
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Cynthia LummisGuest
Spencer NicholsHost
Our lack of a regulatory framework puts the United States at risk of losing this industry.
And if we lose the industry, we also lose the opportunity to regulate the industry and protect consumers.
For example, one, uh, US-based company had identified two hundred million dollars in stable coins that were headed for North Korea, and they had the technical capabilities of freezing that money.
But there's no regulatory framework, and they didn't wanna risk the liability to them, and that kind of thing, uh, would not happen if we pass the CLARITY Act.
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Our lack of a regulatory framework puts the United States at risk of losing this industry.
And if we lose the industry, we also lose the opportunity to regulate the industry and protect consumers.
For example, one, uh, US-based company had identified two hundred million dollars in stable coins that were headed for North Korea, and they had the technical capabilities of freezing that money.
But there's no regulatory framework, and they didn't wanna risk the liability to them, and that kind of thing, uh, would not happen if we pass the CLARITY Act.