Cynthia Lummis gave CLARITY Act a July promise, but it still needs a Senate path
Sen. Cynthia Lummis said negotiators expect final Senate compromise language around the July 4 recess and want to “move in July” on the CLARITY market-structure bill. The timing matters because no Senate floor schedule has been set, unresolved ethics issues still complicate talks, and the chamber has limited time before the August recess. Analysts say the bill likely must clear the Senate by late July to keep its chances alive; delay past August would sharply hurt prospects. Key sticking points remain ethics protections tied to Trump’s crypto interests, AML rules, and whether crypto firms need bank-like safeguards. Lummis said the bill includes $150 million for illicit-finance enforcement and rejected claims that it lets firms pay deposit-like rewards without proper limits. Conditional Democratic support from Ruben Gallego and Angela Alsobrooks may determine whether the bill reaches cloture. If July slips, the measure likely moves into a tougher fall calendar.
