Senator Lummis's closing argument for CLARITY: "US firms are ceding ground to EU's MiCA regulation — full enforcement across all 27 member states July 1, 2026 — and to Singapore, Hong Kong, and Abu Dhabi." This is the competitiveness argument. Not the innovation argument. Not the consumer protection argument. The competitiveness argument. For builders: this is the most powerful frame. When a senator says "we're losing to Singapore and Abu Dhabi" — She's talking about the founders who left San Francisco. Who are now building in Dubai. Who are now making products that European and Asian users benefit from. Not American users. The exit is the argument. And it's working. 🏗️
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