- Senator Cynthia Lummis and the U.S. Treasury Secretary are calling for the CLARITY Act to be passed as soon as possible.
- The CLARITY Act continues to draw criticism from industry representatives.
Senator Cynthia Lummis believes that now is the perfect time to pass the CLARITY Act. According to her, According to, the US Congress must act now, and warned that otherwise the bill will not be considered until at least 2030.
US Treasury Secretary Scott Bessint has also publicly called on Congress to pass the CLARITY Act, arguing that unclear regulations in the US are driving cryptocurrency development and investment to jurisdictions with clearer regulations.
The announcement comes amid growing support for the bill in Washington, according to According to polymarket, the probability of the law being passed in 2026 is now approximately 56%, which is 9% less than yesterday.
At the end of March, the editorial board Happy Coin News published An article reported that the CLARITY Act was facing opposition from Coinbase, the largest US crypto exchange. Coinbase representatives informed US Senate lawmakers that they had concerns about the language regarding stablecoin yields in the new compromise version of the bill.
So, the document still has to overcome procedural hurdles in the Senate, go through all the remaining stages of negotiations, and reach the president’s desk. The most challenging aspect remains the question of how the law will regulate digital assets and related incentives within the broader financial system.
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