Lummis Warns CLARITY Act Failure Could Delay Market Structure Legislation to 2030

Senator Cynthia Lummis has warned that if the CLARITY Act fails to pass in this Congress, market structure legislation could slip to 2030.

The bill aims to clarify SEC-CFTC jurisdiction and establish rules for digital-asset intermediaries, custody, and customer protection. However, lawmakers still face disputes over ethics, stablecoin yield, and DeFi.

Lummis has promoted a Wyoming-style digital asset framework as a model for federal rules. She stated that the delay could cost the country jobs, investment, and tax revenue.

The Senate Banking Committee advanced its version of the bill 15-9 in May 2026, while the House passed its version 294-134 in July 2025.