A new push for the CLARITY Act is building in Washington as crypto policy supporters warn the timeline may be narrowing.
Summary
- Cynthia Lummis warned Congress may miss its best chance to pass the CLARITY Act soon.
- David Sacks and crypto leaders urged the Senate to move market structure legislation forward now.
- Senate progress may depend on resolving stablecoin yield disagreements before a markup hearing begins.
Senator Cynthia Lummis said Congress must move soon or risk delaying market structure reform for years.
Lummis said the United States may miss a rare opening to pass the CLARITY Act if lawmakers fail to act soon. She said the bill may not get another real chance until at least 2030.
In a post on X, Lummis wrote, “This is our last chance to pass the Clarity Act until at least 2030.” She added, “We can’t afford to surrender America’s financial future.”
The warning comes as crypto policy supporters watch the political calendar. With US midterm elections set for November, some industry figures fear Congress could shift focus and slow work on crypto legislation.
That concern has kept attention on the bill’s timing. Supporters say the next few months may decide whether the measure advances during the current session.
Former White House AI and crypto czar David Sacks also called for quick action. He said the Senate Banking Committee and the full Senate should move the bill forward.
Sacks said, “The time to act is now. Senate Banking, and then the full Senate, should pass market structure.” He added that he expects President Donald Trump to sign the bill if Congress approves it.
Other industry voices have also backed the legislation. A16z Crypto managing partner Chris Dixon said,
“when rules are defined, both consumers and entrepreneurs win.”
Immutable founder Robbie Ferguson also backed the bill. On April 3, he said, “the CLARITY Act will make the last decade of growth in gaming look like a joke.”
Senate progress depends on key issues
Coinbase Chief Executive Brian Armstrong said on Friday that “it’s time” for the bill to pass after months of delays. His comment added to fresh calls for movement in the Senate.
Coinbase Chief Legal Officer Paul Grewal said on April 2 that the CLARITY Act could be nearing a markup hearing in the Senate Banking Committee. He also said disagreements over stablecoin yield still need to be resolved.
Regulators have also shown support. SEC Chairman Paul Atkins said,
“It’s time for Congress to future-proof against rogue regulators & advance comprehensive market structure legislation to President Trump’s desk.”
