US Senator Sets 2026 Goal for Two Crypto Bills
US Senator Cynthia Lummis is optimistic about the passage of two significant crypto bills, the CLARITY Act and the GENIUS Act, aiming for completion by the end of 2026. Speaking at the Bitcoin Policy Summit in Washington, D.C., Lummis highlighted the importance of legislation addressing stablecoins and market structure. She expressed disappointment if both bills did not pass through Congress by 2026, referencing the need for bipartisan support amidst concerns regarding conflicts of interest involving administration personnel. Lummis leads the Senate Banking Committee's digital asset subcommittee, with discussions ongoing about crypto market structure legislation. While some Democrats have joined Republicans in support of these bills, contention persists regarding President Trump's involvement in the crypto space, including his association with a crypto business and related financial contributions. The timeline set by Lummis indicates a longer outlook compared to other officials' projections, emphasizing the necessity for collaborative effort among legislators to move forward with the bills in light of the current political landscape.
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