Sen. Lummis sees CLARITY Act passing full Senate before August recess

U.S. Senator Cynthia Lummis, a prominent pro-cryptocurrency lawmaker, stated that the CLARITY Act could potentially clear the full Senate by the July 4 recess, though she believes a vote before the Aug. 10 recess is a more realistic timeline. She made the comments in an interview with Crypto in America. Lummis noted that the Senate has a crowded agenda, explaining that the bill needs to be bundled with legislation from the Banking and Agriculture Committees, as well as some amendments to the GENIUS Act. "Negotiations are currently underway regarding ethics provisions for cryptocurrency use by public officials," she added. "Finalizing these details and packaging them into a single bill that can secure over 60 votes may delay its arrival on the Senate floor." The CLARITY Act has already passed the Senate Banking Committee's markup stage. Following a full Senate vote, it would still need to be reconciled with the House and signed by the president to become law.