Senator Cynthia Lummis warns that failing to pass the CLARITY Act in the current Congress could push the next chance at U.S. crypto market-structure legislation to 2030. The Senate holds a 60-vote cloture test on September 15 to open debate on the bill, though that procedural step would not itself send the bill to passage.
Lummis said failure to advance the CLARITY Act in the current Congress could push the next major opportunity for crypto market-structure legislation to 2030.
The Senate is set to hold a 60-vote cloture test on September 15 to begin debate on the bill. That procedural vote would not represent final passage of the bill.
Lummis argued the bill could help protect customers through qualified custodians and segregated funds, while also supporting jobs, investment and tax revenue.
Source: Coinpedia Fintech News (snippet-based)
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