US Senator Cynthia Lummis Eyes 2026 Deadline for Crypto Legislation
US Senator Sets 2026 Goal for Two Crypto Bills
Senator Cynthia Lummis expects Congress to pass two key crypto bills — the CLARITY Act and the GENIUS Act — by the end of 2026. She spoke about the timeline during the Bitcoin Policy Summit in Washington, D.C., on Wednesday.
Lummis Pushes for Bipartisan Support
Lummis discussed the Digital Asset Market Clarity (CLARITY) Act, which is progressing through the House. She also highlighted the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, now moving through the Senate.
She said she would be “extremely disappointed” if the bills weren’t ready for the president’s signature by year-end.
Lummis chairs the Senate Banking Committee’s digital asset subcommittee, which held a hearing on crypto market structure on Tuesday. She acknowledged the difficulty of building bipartisan support. One concern is the belief that some people tied to the current administration might benefit from the legislation.
“I don’t want to come up with a piece of legislation that the other side of the aisle feels they haven’t had adequate input in,” she said during the hearing.
Some Democrats have joined Republicans like Lummis in backing crypto legislation. Eighteen Democrats supported the GENIUS Act during a vote on June 17. Still, others say they won’t support any bill unless Congress addresses former President Donald Trump’s ties to crypto.
Trump has released his own memecoins. He also holds a stake in World Liberty Financial, a family-backed crypto business, and has received campaign donations from digital asset executives.
Bills Face Uncertainty in the House
Lummis’s 2026 timeline is slower than earlier projections. In May, Bo Hines, Executive Director of the President’s Council of Advisers on Digital Assets, said the GENIUS Act could be ready before Congress leaves for its August recess.
On June 18, Trump said he would sign the bill if it passed quickly and without extra amendments from the House.
The narrow Republican majority means both bills will require Democratic support to pass. That may prove difficult amid growing political concerns over crypto’s influence.
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