Wyoming Senator Cynthia Lummis Warns CLARITY Act Momentum ‘Will Not Come Around Again This Decade’ As Clock Runs Out

• Senator Cynthia Lummis warned that the CLARITY Act represents Congress’s best opportunity this decade to establish a comprehensive digital asset market structure framework.
• With the Senate returning from recess, lawmakers have roughly three weeks before the August break.
• Industry leaders said the bill is close to the finish line despite unresolved disputes.

Senator Cynthia Lummis (R-Wyo) warned on Saturday that Congress may be squandering its best-ever shot at the Digital Asset Market Clarity Act, known as the CLARITY Act, with the clock now running out fast.

"The Clarity Act is the closest Congress has ever come to real digital asset market structure," Lummis wrote on X. "Momentum like this will not come around again this decade."

This isn't the first time Lummis has issued such a warning. 

She spoke on Wednesday about Congress's "last chance" to pass comprehensive digital asset legislation before 2030, cautioning that missing the current window could push jurisdiction over crypto policy toward lawmakers less favorable to the industry if control of Congress shifts after the 2026 midterms.

Deadline Bearing Down

Lummis' renewed warning landed against a hard calendar: the Senate returns from recess on Monday, leaving roughly three working weeks before the chamber breaks again for the August recess, a date many have identified as the last realistic opportunity to pass the bill this year. 

Industry Voices Echo Urgency

Lummis isn't alone in framing this moment as decisive. 

Coinbase’s (COIN) newly appointed Vice Chair Ryan VanGrack told Fox Business on Saturday that the bill was "at the one-yard line," calling the momentum behind it "unmistakable.” He said that he remained "very optimistic about it becoming law." 

COIN stock closed up by over 0.40% on Friday. On Stocktwits, the retail sentiment around COIN remained in the ‘neutral’ zone, while chatter around it shifted to ‘normal’ from ‘high’ levels over the past day.

Galaxy Digital (GLXY) CEO Mike Novogratz also has similarly said the bill was down to a small number of solvable disputes, chief among them an ethics provision requiring blind trusts and disclosure rules for officials' personal crypto holdings.

Additionally, the House Agriculture Subcommittee Chairman Dusty Johnson had warned last month that a missed deadline could shelve crypto market-structure legislation "for far too long."

Read also: Galaxy’s Mike Novogratz Warns AI Is Quietly Commoditizing Humans, Calls Palantir CEO's TV Rant Most Honest He's Seen

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