U.S. Senator Cynthia Lummis is pressing Senate leadership to schedule a floor vote on the Digital Asset Market Clarity Act, saying lawmakers should not stall one of the most advanced crypto bills now moving through Congress. In her view, the measure has already cleared a key stage and should go before the full Senate next.
Lummis put it plainly: “The Clarity Act passed committee. The floor is next. We did not come this far to quit at the 5-yard line.” Her comments have pushed the bill back into focus as Washington continues to debate how digital assets should be regulated at the federal level.
House passage and committee approval have set up the next stage
The proposal is designed to create a federal regulatory framework for cryptocurrencies and define how oversight responsibilities would be divided among regulators. The bill already passed the House of Representatives in July last year with bipartisan support, a sign that lawmakers in both parties see digital assets as an issue that now demands a formal legislative response.
Its progress slowed earlier this year, though. Senate discussions centered on provisions tied to stablecoin yields, which delayed the path forward. Even with that slowdown, the bill advanced through the Senate Banking Committee in May and later received formal committee approval.
Attention turns to whether Senate leaders will put it on the floor
Lummis argues that the coming Senate vote could determine whether years of regulatory debate finally produce a concrete law. She has repeatedly said that clearer rules would give businesses, investors, and developers more certainty. Backers of the bill also say a more defined structure could help answer long-running questions about digital asset oversight and shape the United States’ standing in the global crypto market.
Treasury Secretary Scott Bessent has supported efforts to build a comprehensive digital asset regulatory regime. SEC Chair Paul Atkins has also called for clearer rules for the sector. Still, major steps remain before any bill could reach the president’s desk. Lawmakers need to resolve differences between committee versions, and supporters may still have to assemble enough votes to clear Senate procedural hurdles.
Lummis says delay could push comparable action to 2030
For Lummis, this is not just another procedural vote. She warned that Congress may have only a limited opening to pass broad crypto legislation, and if that chance is missed, similar efforts might not return until 2030. That outcome could force lawmakers to restart the process and rebuild support from scratch.
She also said shifting political priorities could make later negotiations harder than they are now. If the bill stalls during the current congressional session, the momentum behind it may not be easy to recover. The immediate question is whether Senate leadership will bring the Clarity Act to the floor in the coming months.