Senator Lummis Just Warned Congress That China Is About to Eat America's Lunch This isn't some distant threat anymore. Senator Cynthia #Lummis just told Congress that China will dominate digital assets if the US doesn't pass clear crypto rules. Not "might" beat us. Will. She's pushing the FIT21 bill, which would finally define which digital assets are securities and which aren't. Right now, American crypto companies are stuck in regulatory quicksand while China moves fast. The Chinese government is testing digital yuan pilots across multiple cities. They're building infrastructure while we're still arguing about jurisdiction. Lummis says without clarity, innovation and jobs will just move overseas. And honestly, she's not wrong.