Senator Cynthia Lummis has outlined the next steps for the Clarity Act, signaling a more deliberate legislative path than some in the industry had anticipated. The plan involves combining separate Senate committee bills into a unified text and inserting ethics provisions before the legislation heads to a full Senate floor vote, targeted for this summer.
The move to merge committee bills suggests leadership is working to consolidate competing jurisdictional claims — a long-standing friction point between the Senate Banking and Agriculture committees over crypto oversight. Adding ethics language is likely a concession designed to broaden bipartisan support and address concerns that have stalled earlier crypto legislation.
A summer floor vote, if it holds, would mark the most advanced stage a comprehensive crypto market structure bill has reached in the US Senate.
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