Lummis Warns of CLARITY Act Deadline as Passage Odds Slip

The CLARITY Act is facing a narrow window for passage in Congress, with Senator Cynthia Lummis warning that failure to act could delay the bill until at least 2030.

Lummis has been vocal about the importance of passing market-structure legislation, which she believes will provide clarity and stability for the US crypto industry. However, the bill remains stuck due to disputes over stablecoin-related rewards and industry-bank tensions.

Despite these challenges, support for the CLARITY Act is growing, with Treasury Secretary Scott Bessent publicly calling on Congress to pass the legislation. SEC Chair Paul Atkins has also indicated that regulators are ready to implement the bill once it becomes law.