Senator Cynthia Lummis aims for the CLARITY Act and the GENIUS Act to pass Congress by late 2025. Approval is essential for establishing a clearer framework for digital assets and stablecoins.
For successful passage, bipartisan backing is crucial. While some Democrats support crypto legislation, concerns over Donald Trump’s influence in the crypto landscape could hinder votes.
Lummis expressed considerable disappointment if the bills fail by 2026. The balance of power in Congress could sway the regulations necessary for fostering a stable crypto environment.
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