Senator Cynthia Lummis is pressing Congress to move the CLARITY Act forward, saying 2026 may be the last workable window for years. Her warning comes as industry leaders, regulators, and White House allies call for a Senate vote while disputes over stablecoin yield still delay the bill.
US Senator Cynthia Lummis said on Friday that Congress should act quickly on the CLARITY Act, a market structure bill designed to define how digital assets are regulated in the United States. In a post on X, she wrote, "This is our last chance to pass the Clarity Act until at least 2030. We can't afford to surrender America's financial future."
Her message reflects a broader concern in the crypto sector that the Senate calendar is tightening. Industry participants have warned that the November 2026 midterm elections could shift congressional attention and slow progress on legislation that still needs Senate Banking Committee action before reaching the full Senate.
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The CLARITY Act is meant to establish clearer federal oversight for digital assets. Supporters say the measure would reduce regulatory uncertainty that has weighed on crypto firms operating in the US. Treasury Secretary Scott Bessent also recently urged Congress to pass the bill, arguing that regulatory uncertainty has pushed crypto development to other jurisdictions with clearer rules.
Former White House AI and crypto adviser David Sacks has also called for action. In a public post, he said, "The time to act is now. Senate Banking and then the full Senate should pass the market structure. I'm confident that they will. And then President Trump will sign this landmark bill into law."
Coinbase Chief Executive Brian Armstrong has now returned to supporting the bill after earlier hesitation. At the same time, a16z crypto managing partner Chris Dixon said that when rules are defined, "both consumers and entrepreneurs win," while Immutable co-founder Robbie Ferguson said the act could accelerate growth across blockchain gaming.
Regulators have added their voices as well. SEC Chair Paul Atkins said in March that he supports bipartisan efforts to create a durable market framework and said legislation based on the CLARITY Act could soon reach President Trump's desk. More recently, posts circulating online quoted Atkins as saying it is time for Congress to move comprehensive market structure legislation forward.
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Despite the growing support, the bill still faces a key obstacle. Coinbase Chief Legal Officer Paul Grewal said earlier this month that the CLARITY Act could be nearing a markup hearing in the Senate Banking Committee, but he also said progress depends on resolving disagreements over stablecoin yield.
Reports over the past week have suggested lawmakers are "very close to a deal" on that issue, though no final markup date has been confirmed. The Senate Banking Committee has not yet completed the next formal step, which keeps uncertainty around timing in place.