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Lummis Targets Senate Passage of Clarity Act in July

Source
JH Kim

Summary

  • Sen. Cynthia Lummis said she is targeting Senate passage of the Clarity Act, a digital-asset market structure bill, in July.
  • Lummis told Fox Business she expects a final Senate compromise on the Clarity Act to be ready around the July 4 recess and is aiming to pass the bill in July.
  • CryptoSlate said the Clarity Act must reach the Senate floor in July and secure the support of at least seven Democratic senators to pass.

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Sen. Cynthia Lummis said she is targeting Senate passage of the Clarity Act, a digital-asset market structure bill, in July.

CryptoSlate reported on June 25 that Lummis told Fox Business she expects a final Senate compromise on the Clarity Act to be ready around the July 4 recess. The goal is to pass the bill in July.

She added that missing this window could delay the legislation until 2030.

CryptoSlate said the bill must reach the Senate floor in July to pass and would need the support of at least seven Democratic senators.

Photo: Shutterstock
Photo: Shutterstock
#Crypto Regulation
#Policy
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

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