US Senator Sets 2026 Goal for Two Crypto Bills
US Senator Cynthia Lummis expects the CLARITY Act, which focuses on digital asset market structure, and the GENIUS Act, related to stablecoins, to pass through Congress by the end of 2026. Speaking at the Bitcoin Policy Summit in Washington, D.C., Lummis expressed her hopes for bipartisan support but acknowledged challenges regarding concerns related to the administration's influence on legislation. Although some Democrats have voted alongside Republicans for the GENIUS Act, potential political conflicts complicate the legislative process. Lummis indicated disappointment if the bills did not progress as planned, underscoring the need for adequate input from both parties to ensure successful passage. With a slim Republican majority in the House, the success of these bills will likely depend on some Democratic support. This timeline differs from previous expectations stated by the executive director of the President’s Council of Advisers on Digital Assets, who suggested a quicker passage by August.
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