{"id":75400,"date":"2026-07-14T15:32:36","date_gmt":"2026-07-14T15:32:36","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/senate-clarity-act-ready-for-prime-time-bill-text-coming-in-days-senator-lummis\/"},"modified":"2026-07-14T15:32:36","modified_gmt":"2026-07-14T15:32:36","slug":"senate-clarity-act-ready-for-prime-time-bill-text-coming-in-days-senator-lummis","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/senate-clarity-act-ready-for-prime-time-bill-text-coming-in-days-senator-lummis\/","title":{"rendered":"Senate CLARITY Act Ready for Prime Time, Bill Text Coming in Days: Senator Lummis"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Senator Lummis said lawmakers will release CLARITY Act bill text within days after nearly 10 months of negotiations.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The legislation seeks to establish a federal regulatory framework while strengthening consumer protections and anti-money laundering requirements.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Senate Majority Leader John Thune will determine the floor schedule as lawmakers work through competing legislative priorities.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Can the Senate Pass the CLARITY Act Before August?<\/h2>\n<p>U.S. Senator Cynthia Lummis (R-WY) said months of negotiations have produced CLARITY Act bill text that lawmakers expect to release within days.<\/p>\n<p>\u201cIts taken us virtually every day for the last 10 months to get this bill in the condition it\u2019s in today, and we\u2019re ready. So, we will be introducing it in the next few days,\u201d she <a href=\"https:\/\/x.com\/SenLummis\/status\/2077019696449061176\" target=\"_blank\" rel=\"noopener noreferrer\">told<\/a> Fox Business during an interview on July 14.<\/p>\n<p>Lummis explained that the Senate\u2019s upcoming work period creates an opportunity to advance the legislation before lawmakers leave Washington. \u201cWe\u2019re going to be in session now for four straight weeks,\u201d she stated, emphasizing:<\/p>\n<blockquote>\n<p>\u201cIt\u2019s very important that we get this bill across the finish line before the August recess begins, so we can make the markets aware of the stability that will be provided to them if they remain onshore in the United States to do business.\u201d<\/p>\n<\/blockquote>\n<p>The lawmaker noted that the legislation seeks to support the digital asset industry while addressing law enforcement priorities and strengthening consumer protections. \u201cThis is a pivotal time for the industry, and we want to meet their needs,\u201d she shared.<\/p>\n<p>Lummis also underscored that the proposal addresses law enforcement priorities involving illicit finance while strengthening consumer protections, concluding:<\/p>\n<blockquote>\n<p>\u201cIt\u2019s been arduous, but we\u2019re ready for prime time.\u201d<\/p>\n<\/blockquote>\n<p>The legislation is the Digital Asset Market Clarity Act of 2025, known as the CLARITY Act. While the House passed its own version of the legislation in 2025, Senate lawmakers have spent months negotiating changes to produce their own version ahead of introduction.<\/p>\n<p>The Senate Banking Committee <a href=\"https:\/\/news.bitcoin.com\/pro-crypto-clarity-act-h-r-3633-passes-senate-banking-committee-15-9\/\">approved<\/a> its market structure proposal in May after bipartisan negotiations involving lawmakers, regulators, financial institutions, consumer advocates and digital asset companies, positioning the measure for consideration by the full Senate.<\/p>\n<p><\/p>\n<h2>What Would the CLARITY Act Do?<\/h2>\n<p>The proposal would establish a federal framework for digital asset markets while defining regulatory responsibilities between financial agencies, including clarifying the roles of both the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).<\/p>\n<p>Among its provisions are consumer protection and financial crime measures. Those measures <a href=\"https:\/\/news.bitcoin.com\/lummis-fires-back-at-warren-says-clarity-act-has-16-illicit-finance-safeguards\/\">include<\/a> anti-fraud standards, oversight of centralized intermediaries, Bank Secrecy Act compliance requirements, anti-money laundering programs, customer identification procedures and sanctions compliance intended to strengthen oversight of digital asset businesses.<\/p>\n<h2>Senator Thune Controls the Timeline<\/h2>\n<p>Senate Majority Leader John Thune (R-SD), who controls the chamber\u2019s legislative agenda, will ultimately decide when the CLARITY Act reaches the Senate floor.<\/p>\n<p>Lummis said she expects consideration during the week of July 20, while noting the final scheduling decision rests with Thune. She said: \u201cI expect it\u2019ll be that week, but considering the important things we have to deal with in these four weeks, Senator Thune will make the final decision about which week to bring Clarity to the floor.\u201d<\/p>\n<p>However, she remains confident the legislation will receive floor time before the August recess despite competing priorities, including the National Defense Authorization Act. While no official Senate floor schedule has been announced, the lawmaker from Wyoming concluded:<\/p>\n<blockquote>\n<p>\u201cSenator Thune is aware of the importance this bill provides for market stability for digital assets, so I think he\u2019ll schedule this for the four-week period.\u201d<\/p>\n<\/blockquote><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/senate-clarity-act-ready-for-prime-time-bill-text-coming-in-days-senator-lummis\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Senator Lummis said lawmakers will release CLARITY Act bill text within days after nearly 10 months of negotiations. The legislation seeks to establish a federal regulatory framework while strengthening consumer protections and anti-money laundering requirements. Senate Majority Leader John Thune will determine the floor schedule as [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":75401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75400"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=75400"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75401"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}