Lummis Pushes Crypto Bills to 2026 Amid Trump Conflict

Paul

- Lummis targets 2026 for crypto bill passage amid bipartisan disputes.
- Trump's crypto ties, political gridlock complicate stablecoin bill.
Wyoming Senator Cynthia Lummis has extended the timeline for passing two major cryptocurrency bills, now targeting the end of 2026 for their approval. Lummis, who initially aimed for passage by this year's end, revised her goal, citing complex bipartisan challenges. Speaking at the Bitcoin Policy Summit in Washington, D.C., Lummis highlighted two key legislative acts: the Digital Asset Market Clarity (CLARITY) Act and the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. She stated these acts are vital cornerstones that will shape the nation’s digital asset regulatory framework. These bills aim to define market structures and establish a national framework for U.S. stablecoins.
On June 25, 2025, Cointelegraph reported that Senator Lummis had shifted the timeline for the cryptocurrency bills. Cointelegraph also noted on June 25 her disappointment over the delays. Lummis acknowledged existing hurdles, which include Democratic concerns regarding President Donald Trump's crypto involvement, as some lawmakers perceive this as a potential conflict of interest. These concerns are fueled by Trump's financial ties to the crypto sector, including his memecoin line, a stake in the family-based digital asset firm World Liberty Financial, and campaign contributions from cryptocurrency executives.
Despite these roadblocks, lawmakers have made some progress. For instance, in June 2025, the GENIUS Act passed the Senate with bipartisan support in a 68–32 vote, including backing from 18 Democratic senators. However, as Republicans hold only a slim majority in the House, both bills will require additional Democratic support to advance. Meanwhile, President Trump has expressed his willingness to sign the GENIUS Act swiftly if the House passes it unamended.
The CLARITY Act focuses on providing legal certainty for digital asset platforms and token classifications, while the GENIUS Act addresses stablecoin regulation, including oversight, reserve requirements, and consumer protections. Together, these bills represent significant steps toward establishing comprehensive federal standards for cryptocurrency and digital assets in the United States.
As of June 25, 21:09 UTC, World Liberty Financial USD (USD1) was trading at $1, with its 24-hour trading volume having decreased by 0.6%.
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