Senator Lummis Eyes Crypto Bill Passage Before Thanksgiving

- Senator Cynthia Lummis plans to pass the Digital Asset Market Clarity Act through the Senate by late 2025. - Bipartisan cooperation is essential to advance the crypto market structure legislation. On August 20, 2025, Senator Cynthia Lummis detailed her strategy to guide a cryptocurrency market structure bill through the Senate, announcing her plans at the Wyoming Blockchain Symposium. Lummis stated that she will use the House’s Digital Asset Market Clarity Act as a foundational framework for the Senate version and targets final approval before Thanksgiving. This strategy reflects measured optimism, as the House version of the bill received strong bipartisan support, with 78 Democrats joining Republicans to pass it. During the symposium, Lummis stressed that maintaining this broad consensus is critical, even as the Senate revises the House's blueprint. Previously, Senators Lummis, Bill Hagerty, Bernie Moreno, and Senate Banking Committee Chair Tim Scott circulated drafts of more comprehensive crypto legislation. However, Lummis acknowledged that narrowing the bill's focus improves its likelihood of navigating procedural hurdles. In addition, an aide confirmed the Senate version will introduce modifications to address specific regulatory and industry concerns. By building on the framework the House created, Senator Lummis aims to push meaningful crypto regulatory clarity into law, an effort that signals growing momentum in Washington’s approach to digital assets.