Republican Senator Cynthia Lummis warned about the future of the digital asset market and the CLARITY Act. She noted that the bill faces a potential 4-year blockade if the Senate does not act before the 2026 midterm elections. Following the endorsement from Treasury Secretary Scott Bessent, Lummis emphasized that this is the last opportunity to establish a clear regulatory framework for cryptocurrencies in the U.S., preventing innovation from definitively shifting to jurisdictions like Singapore or Abu Dhabi.
The urgency lies in the political calendar and Lummis’s upcoming retirement in January 2027, which would leave the bill without its main advocate in the Upper Chamber. Despite the compromise reached in March regarding stablecoin rewards (Tillis-Alsobrooks agreement), the law still must overcome key hurdles, including the Banking Committee vote in late April and reconciliation with the House of Representatives’ version. Prediction markets currently place a 56% probability that President Trump will sign the bill into law before the end of the year.
The step scheduled for April 13 will be crucial when the Senate returns from the Easter recess. The success of the CLARITY Act before the 2026 elections will define whether the United States maintains its financial leadership or if the crypto ecosystem enters a period of legal uncertainty that could extend into the next decade.
Source:https://x.com/SenLummis/status/2042632446798369090
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