# Lummis Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Lummis", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

‘Disappointing’ — crypto advocates react to delay in CLARITY vote

The Digital Asset Market Clarity (CLARITY) Act's Senate cloture vote has been delayed until September, disappointing crypto industry advocates who see the postponement as reducing the bill's chances of passing before the 2026 midterm elections. The Senate's inaction before its recess frustrated supporters like Senator Cynthia Lummis. While figures such as Coinbase's CEO remain hopeful for September, banking critics argue the bill creates unfair advantages. Despite the setback, prediction markets still show some users betting on the legislation passing this year, though it would require further votes in the House and the President's signature to become law.

cointelegraphYesterday 17:16

‘Disappointing’ — crypto advocates react to delay in CLARITY vote

cointelegraphYesterday 17:16

Lummis Warns That Cryptocurrency Regulation in the US Remains Imperfect as Push for CLARITY Act Stalls

U.S. Senator Cynthia Lummis has expressed frustration over the stalled progress of the CLARITY Act, a comprehensive cryptocurrency regulatory bill. Despite over a year of negotiations and recent committee approval, a Senate vote has been delayed until September after the August recess. Lummis, a key advocate, argues that predictable federal rules are crucial for crypto businesses to operate and expand in the U.S., and are needed to protect consumers from fraud within the digital economy. The updated bill includes provisions for customer asset segregation in case of exchange bankruptcies. Lummis warns that failure to pass the legislation now could delay meaningful federal crypto regulation until 2030, leaving market participants in regulatory limbo. She vows to continue working with colleagues to advance the bill when the Senate reconvenes.

cryptonews.ru08/08 14:59

Lummis Warns That Cryptocurrency Regulation in the US Remains Imperfect as Push for CLARITY Act Stalls

cryptonews.ru08/08 14:59

Lummis: The CLARITY Act mechanism "is not working" as the Senate drags its feet

U.S. Senator Cynthia Lummis has argued that the current regulatory framework for digital assets is inadequate, harming industry, investors, and regulators alike. She is urgently pushing for the Senate to pass the Digital Asset Market Clarity Act (H.R. 3633/CLARITY Act) before the August recess, warning the current momentum for the bill is a unique opportunity this decade. The legislation aims to divide oversight between the SEC and CFTC. Time is running out, as the Senate must act before its August 8th recess. Delays would push the debate to September, further squeezing the legislative calendar before the midterm elections. Forecasting platforms now estimate only a 30% chance of the bill becoming law in 2026, a sharp drop from over 80% in February. Passage requires 60 votes, meaning at least seven Democrats must join Republicans, a task complicated by Democratic opposition. Key objections from figures like Senator Elizabeth Warren center on concerns the bill could weaken oversight of decentralized finance (DeFi) and consumer protection, potentially endangering the financial system. Over 200 crypto industry organizations, including Coinbase and Ripple, are lobbying for a vote, arguing continued uncertainty drives innovation and jobs overseas. Lummis contends the bill's custody and disclosure rules are precisely the consumer protections needed to close existing loopholes. The bill's fate now hinges on whether Senate Majority Leader John Thune schedules a vote this week or delays it until the fall session, where it would face an even more constrained political environment.

cryptonews.ru07/31 11:56

Lummis: The CLARITY Act mechanism "is not working" as the Senate drags its feet

cryptonews.ru07/31 11:56

Senator Lummis Pushes For CLARITY Act Vote Before Recess

Senator Cynthia Lummis is advocating for a Senate vote on the CLARITY Act before the upcoming recess, highlighting its continued importance for U.S. crypto market-structure legislation. The bill aims to provide clear regulatory frameworks, distinguishing how digital assets are classified and overseen by agencies like the SEC and CFTC. Its advancement is seen as crucial for reducing industry uncertainty, potentially encouraging institutional investment by clarifying legal treatment and compliance requirements. Market observers view progress on this legislation as a key indicator of whether U.S. crypto policy can transition from debate to established law, impacting exchanges, custody services, and broader market sentiment. Conversely, further delays could perpetuate a fragmented, enforcement-heavy regulatory environment.

bitcoinist06/25 20:02

Senator Lummis Pushes For CLARITY Act Vote Before Recess

bitcoinist06/25 20:02

Second Half of U.S. Crypto Policy: The Clarity Act Aims for 60 Votes, CFTC's "One-Person Commission" Becomes Biggest Variable

In a pivotal year for US crypto policy, the "CLARITY Act" is advancing in the Senate but faces a high hurdle, needing 60 votes to pass. Key challenges include bridging partisan divides on ethics and swaying undecided Republican senators within a tight legislative calendar of only about 40 working days. The policy "second half" involves intense negotiations on a broader framework for Web3 and DeFi, including crypto tax reforms and the Blockchain Regulatory Certainty Act. A significant uncertainty is the understaffed CFTC, operating with four commissioner vacancies, which complicates regulatory clarity. Meanwhile, the departure of key "crypto champions"—SEC Commissioner Hester Peirce and Senator Cynthia Lummis—will impact ongoing policy efforts. Industry experts are cautiously optimistic but realistic. Sara K. Weed notes that while progress is being made, CLARITY is unlikely to pass this Congress, pushing agencies like the SEC and CFTC to provide more guidance. Sulolit Mukherjee suggests meaningful crypto tax legislation is more likely to be attached to larger must-pass bills. Rashan Colbert discusses the jurisdictional debate over prediction markets, emphasizing the need for a regulatory framework that fosters their development as financial tools rather than treating them broadly as gambling. The clock is ticking, but opportunities remain for substantive progress through continued bipartisan dialogue and pragmatic efforts.

marsbit06/23 13:03

Second Half of U.S. Crypto Policy: The Clarity Act Aims for 60 Votes, CFTC's "One-Person Commission" Becomes Biggest Variable

marsbit06/23 13:03

What Is the American Reserve Monetary Assets (ARMA) Act and How Could It Affect the Market?

**Summary of the ARMA Act and Its Potential Market Impact** The American Retirement and Monetary Advancement (ARMA) Act, a legislative evolution from earlier proposals like the BITCOIN Act, represents a significant political compromise regarding a US strategic Bitcoin reserve. Initially, proposals in 2024-2025 called for the mandatory purchase of 1 million BTC over five years. However, facing opposition due to fiscal cost, concerns over dollar supremacy, and executive branch resistance, these ambitious acquisition plans were scaled back. ARMA, introduced in 2026, removes all mandatory purchase requirements. Its core provisions are twofold: it consolidates federally held Bitcoin (approx. 320,000 BTC from criminal and civil seizures) into a single Treasury-managed reserve and legally prohibits its sale for at least 20 years, with an exception only for debt repayment. This essentially codifies into law the holding policy established by a 2025 Trump executive order. Consequently, the bill's short-term market impact is expected to be limited. While it would eliminate the overhang of potential government selling, it creates no new direct demand from the Treasury. Its primary significance is strategic and long-term. By establishing a legal framework that formally recognizes Bitcoin as a national reserve asset, ARMA could pave the way for future, more substantive debates on mandatory acquisitions. The act is seen as a foundational step, increasing the political viability of eventual purchase legislation, though that outcome remains uncertain and lies further in the future.

Foresight News06/15 09:13

What Is the American Reserve Monetary Assets (ARMA) Act and How Could It Affect the Market?

Foresight News06/15 09:13

‘Last Chance’: US Crypto Policy Hits Critical Deadline, Senator Says

US Senator Cynthia Lummis has warned that the current legislative session is the "last chance until at least 2030" to pass the CLARITY Act, a key piece of market-structure legislation for digital assets. The bill, which aims to provide clear regulatory rules for the crypto industry, faces a critical deadline as November midterm elections threaten to shift congressional priorities. Industry leaders, including Coinbase's Paul Grewal and Brian Armstrong, and a16z Crypto's Chris Dixon, are pushing for its passage, arguing that regulatory clarity will boost innovation and consumer protection. However, a major obstacle remains: a dispute over how to handle stablecoin yield. Despite growing support from companies and some regulators, this unresolved issue could prevent the bill from advancing. The act is seen as a test of Washington's ability to establish crypto regulations before the political window closes.

bitcoinist04/12 22:01

‘Last Chance’: US Crypto Policy Hits Critical Deadline, Senator Says

bitcoinist04/12 22:01

‘Congress must pass the Clarity Act’ – U.S. Treasury Secretary’s plea decoded

U.S. Treasury Secretary Scott Bessent urges Congress to pass the Digital Asset Market Clarity Act, arguing that clear federal rules are essential to prevent the relocation of crypto development to jurisdictions like Abu Dhabi and Singapore. He warns that regulatory uncertainty in the U.S. makes the risks of operating there outweigh the benefits. The call is supported by Senator Cynthia Lummis, who believes the act would serve as a "safe harbor" for innovation. However, prediction market Polymarket indicates the odds of the bill passing by 2026 have recently dropped to 57%. Despite this, key industry figures, including Coinbase's Chief Policy Officer, express confidence that legislative progress will be made.

ambcrypto04/09 10:04

‘Congress must pass the Clarity Act’ – U.S. Treasury Secretary’s plea decoded

ambcrypto04/09 10:04

Senator Defends CLARITY Act As Developer Protection Debate Heats Up

A crypto developer's case is driving a key regulatory debate in Washington. Roman Storm, co-founder of Tornado Cash, was convicted in 2025 for operating an unlicensed money-transmitting business, causing concern among developers. This has fueled a public dispute between Senator Cynthia Lummis and crypto attorney Jake Chervinsky over the CLARITY Act. Chervinsky argues that Title 3 of the bill contains broad language that could classify non-custodial software developers as money transmitters, subjecting them to KYC obligations and undermining intended protections. Lummis defends recent bipartisan revisions, calling the act the "strongest protection for DeFi and developers ever enacted." However, the latest text remains unpublished, leaving the industry awaiting concrete details amid high stakes for developer liability. The bill is gaining momentum and is expected to undergo a Senate committee markup in April.

bitcoinist03/29 12:02

Senator Defends CLARITY Act As Developer Protection Debate Heats Up

bitcoinist03/29 12:02

Senator Cynthia Lummis urges CLARITY Act rush: ‘Let’s get it done, once and for all’

After months of stalemate over stablecoin yield regulations, a breakthrough has been reached on the CLARITY Act. Following intense negotiations in March, the White House and Senators agreed on a compromise: passive rewards for simply holding stablecoins are prohibited, but activity-based rewards for using them in transactions are permitted. Senator Cynthia Lummis urged swift passage, warning that if the Senate Banking Committee doesn't approve the bill by April's end, progress could stall until 2027 due to the upcoming midterm elections. Market sentiment has improved, with prediction markets showing a 10% increase in the act's passage odds. This legislation aims to establish clear crypto regulations, positioning the U.S. as a global digital asset hub.

ambcrypto03/23 00:01

Senator Cynthia Lummis urges CLARITY Act rush: ‘Let’s get it done, once and for all’

ambcrypto03/23 00:01

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