Key Highlights
- The Senate Banking Committee is likely to consider marking up the CLARITY bill from mid-May onwards.
- Lummis pointed out that most legislative differences surrounding the proposed bill had been sorted out.
- The bill provides safeguards against decentralized systems and non-custodial technologies.
The U.S. senator from Wyoming, Cynthia Lummis, today expressed confidence about the possibility of passing the CLARITY Act into law as soon as May.
Speaking at The Bitcoin Conference in Las Vegas, Lummis stated that final discussions are nearly complete and that Senate markup could proceed soon. She added, “We are going to markup the Clarity Act in May. We are going to get it to the Finish Line.”
During her address, Lummis, who chairs the Banking Subcommittee on Digital Assets, stated that stablecoin language and the market structure provisions are almost 99% sorted out.
The Digital Asset Market Clarity Act, formally known as the Digital Asset Market Clarity Act of 2025 (H.R. 3633), aims to provide clearer regulatory guidelines for digital assets in the United States.
It differentiates between digital commodities and digital securities, provides a supervisory role for the CFTC and SEC, ensures protocol protection, and contains measures to avoid overreach in non-custodial technology. The act was passed in the US House of Representatives in July 2025 with bipartisan backing by a vote of 294-134 and is now undergoing vigorous debate in the Senate Banking Committee.
Urgency to pass the bill
Lummis stressed the importance of moving fast because failing to do so by the end of this year would mean crypto regulations would not come into effect until 2030. In her previous statements, Lummis said, “This is our last opportunity to get the Clarity Act passed until 2030, at least. We can not afford to lose America’s economic future.”
Her recent comments suggest progress toward scheduling a markup in the Senate Banking Committee in mid-to-late May. Industry participants are closely watching this timeline, as delays could push the legislative process further out.
Vocal support for the act
Lummis has been one of the most prominent advocates of the bill, often stating that it is essential for providing regulatory clarity and supporting the growth of the digital asset sector in the U.S. The legislation is also seen as complementary to other efforts, including the BITCOIN Act and the recently passed GENIUS bill related to stablecoins.
Pointing toward the DeFi ecosystem, Lummis previously said, “The Clarity Act is the best thing that could happen to the DeFi community and finally gives them the legal certainty they deserve. Developers, validators, and node operators will finally have a safe harbor, and we can ensure American innovation can stay right here on US soil.”
All eyes on Banking committee
The Bitcoin Conference, taking place from April 27 to 29 in Las Vegas, has drawn additional attention due to Lummis’s remarks.
If the CLARITY Act advances in May as expected, it could mark a significant step in shaping U.S. digital asset regulation. For now, focus remains on the Senate Banking Committee and whether it schedules a markup within the expected timeframe.
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