Cynthia Lummis: "Now is the time to act on a crypto market structure bill"

Calls are resurfacing in the U.S. Senate to push ahead with legislation on crypto market structure. The warning is that if lawmakers miss the current window—when the administration is supportive and political momentum is in place—the opportunity to institutionalize the framework could vanish.

On the 21st (local time), U.S. Republican Sen. Cynthia Lummis called on X for swift action on the CLARITY Act, a digital-asset market structure bill formally titled the Digital Asset Market Clarity Act. She stressed that the legislation is designed to bring together a wide range of stakeholders across the crypto ecosystem.

Lummis said the CLARITY Act is not a bill driven by a single camp, but one built on broad consensus across the digital-asset industry. With support from the administration and political momentum converging, she argued there is no reason to delay.

She particularly underscored the time factor. Because today’s environment may not last indefinitely, she said, concrete action is needed before the window closes. The remarks are seen as reflecting concerns that a shift in the political landscape or a market shock could rapidly alter the regulatory environment.

In Congress, discussions over a crypto market structure bill have been moving forward in parallel, centered on the Senate Agriculture Committee and the Senate Banking Committee. However, disagreements over the scope of DeFi regulation, conflicts of interest, and provisions related to stablecoins have slowed the legislative pace.

"Real progress comes from building real coalitions," Lummis said. "We have the administration, and we have momentum. What we need now is to act before the opportunity disappears."