US Senator Sets 2026 Goal For Two Crypto Bills
Wyoming Senator Cynthia Lummis anticipates Congress will pass two crypto bills, the CLARITY Act and the GENIUS Act, by the end of the year. Lummis expressed disappointment if the bills do not pass by 2026. She chairs the Senate Banking Committee’s digital asset subcommittee, which recently discussed crypto market structure legislation. Bipartisan support remains a challenge due to concerns over potential advantages for individuals connected to the administration. Some Democrats have supported crypto legislation, while others demand clarity on former President Trump's involvement in the crypto space before backing any bills. Trump has expressed willingness to sign the GENIUS Act without amendments if it passes quickly. Both bills require some Democratic support to advance in the House, where Republicans hold a slim majority.
