🔴 American Senator Cynthia Lummis sets 2026 deadline for the Clarity Act and Genius Act
Senator Cynthia Lummis expects the Clarity Act🔹 and the Genius Act to pass by the end of 2026.
The legislation focuses on stablecoins and the structure of the cryptocurrency market.
Political friction and Trump's ties to cryptocurrencies may delay bipartisan progress in Congress.
American Senator Cynthia Lummis has set a goal for Congress to pass two major cryptocurrency bills - the Clarity Act and the Genius Act - by the end of 2026, adding momentum to the push for clearer digital asset regulation in the United States.
While speaking at the Bitcoin Policy Summit in Washington, the Republican from Wyoming said she expects both bills to be on the president's desk by the end of the year, although she acknowledged that political obstacles may delay the process.
Lummis stated, "I will be extremely frustrated if we don't get them through Congress by 2026."
Lummis, who leads the Digital Assets Subcommittee of the Senate Banking Committee, emphasized the importance of bipartisan cooperation, especially in light of Democratic concerns about potential conflicts of interest related to former President Donald Trump's involvement in the cryptocurrency space.