Senator Cynthia Lummis (R‑WY) confirmed that there is now bipartisan momentum in Congress to advance the Digital Asset Market Clarity Act (CLARITY Act), the first comprehensive crypto market structure legislation. The bill passed the House in July 2025 with a 294‑134 vote and faces a critical Senate deadline of April 25, 2026, before the legislative window closes until 2030.
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📌 Key Updates on the CLARITY Act
- House Passage: July 2025, with a 294‑134 bipartisan vote — largest margin ever for crypto legislation.
- Senate Deadline: Must be marked up by the Senate Banking Committee by April 25, 2026 or risk delay until 2030.
- Senator Lummis: Warned this is the “last chance” to pass crypto market structure legislation before a multi‑year freeze.
- Bipartisan Support: Both Republicans and Democrats are aligned on the need for clarity, though disagreements remain on stablecoin yield rules, DeFi provisions, and SEC vs. CFTC jurisdiction.
- Market Impact: The bill would classify digital assets into three categories and give the CFTC primary oversight of spot crypto markets, reducing SEC enforcement uncertainty.
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⚡ Why It Matters
- Crypto Market Size: ~$2.6 trillion, with $317B in stablecoins and $98.6B in Bitcoin ETF assets at stake.
- Investor Confidence: Passage would unlock predictable compliance pathways, encouraging institutional capital inflows.
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📰 (#CryptoLegislation #CLARITYAct)
🚨 Breaking: Bipartisan Support for U.S. Crypto Law 🚨
Senator Cynthia Lummis says Congress now has bipartisan momentum to advance the CLARITY Act, America’s first comprehensive crypto market structure bill.
🔹 House passed 294‑134 (July 2025)
🔹 Senate deadline: April 25, 2026 — or wait until 2030
🔹 Transfers oversight of most digital assets to CFTC
🔹 $2.6T crypto market, $317B stablecoins, $98.6B Bitcoin ETFs at stake
🔹 Odds of passage: 50–72%
CryptoNews
#Regulation #CLARITYAct #Blockchain #DeFi