The legislative path for the U.S. CLARITY Act is facing a shift as several key figures tied to crypto policymaking prepare to leave their posts. Senator Cynthia Lummis, who has led the effort as chair of the Senate Banking Committee’s digital assets subcommittee, said she will not seek re-election and will step down at the end of the year. Senator Thom Tillis of North Carolina, a key Republican negotiator on the bill, is also set to leave. Both lawmakers have served as important bridge figures in recent debates over U.S. crypto policy.
At the same time, Securities and Exchange Commission Commissioner Hester Peirce is nearing the end of her term, which is scheduled to expire this Friday. Peirce has been a central figure in crypto regulation since 2018. According to the report, the departure of these backers could have a significant effect on whether the next Congress is able to revive the CLARITY Act or draft a new version of the legislation.
The U.S. CLARITY Act is entering a more uncertain legislative phase as several of its key supporters prepare to leave office.
Senator Cynthia Lummis, who has led the bill as chair of the Senate Banking Committee’s digital assets subcommittee, has announced that she will not seek re-election and will step down at the end of the year. Senator Thom Tillis of North Carolina, described as another key Republican negotiator, is also set to depart. The two have played an important bridge role in recent debates over crypto policy.
Separately, Securities and Exchange Commission Commissioner Hester Peirce is also nearing the end of her term, which expires this Friday. Peirce has been a prominent figure in crypto regulation since 2018.
The report said the exit of these key supporters could significantly affect efforts in the next Congress to restart the CLARITY Act or draft a new version.
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