Lummis: “Bipartisan agreement essential for the Clarity Act…fast-track stablecoin regulation”

U.S. Senator Cynthia Lummis reiterated that bipartisan agreement is necessary to pass the “Clarity Act.”

In a post on X on the 25th (local time), Lummis said, “Bipartisan compromise is essential for passage,” adding, “We are working to protect stablecoin reward structures and prevent deposit outflows from community banks.”

The Clarity Act is a key legislative priority for the U.S. Congress aimed at clarifying the regulatory framework for the virtual asset (cryptocurrency) market, and it includes rules governing the issuance, distribution, and reward structures of stablecoins.

Recently in the United States, concerns have been raised that the spread of stablecoins could weaken the deposit base of the existing banking system. Accordingly, Congress is discussing institutional design in a direction that balances financial stability and innovation.

Lummis stressed, “The future of U.S. finance is at stake right now,” adding, “We can’t wait until 2030.”