Cynthia Lummis

The Clarity Act, a major digital asset market structure bill, faces uncertainty as the Senate recesses until July 13. Passage depends on resolving disputes over ethics frameworks for crypto holdings, Section 604 of the Blockchain Regulatory Certainty Act, and conflicts in the Agriculture Committee text, with a 60-vote threshold remaining a key hurdle.

Congress faces a shrinking window to finalize a bipartisan cryptocurrency oversight deal before midterms, with unresolved issues including restrictions on Trump's digital asset profits and staffing for the SEC and CFTC. Lawmakers aim to address ethics provisions but face challenges in securing Trump's approval and House support.

The Senate is advancing legislation to address name, image, and likeness (NIL) rights and transfer rules in college sports. A bipartisan bill proposed by the Commerce Committee aims to establish a national payout framework and limit athlete transfers to one per five years. Key senators include Ted Cruz, Maria Cantwell, and John Hickenlooper, while Cory Booker and Tommy Tuberville oppose the measure.

Two senators introduced a resolution opposing Sam Bankman-Fried's pardon, arguing his 25-year sentence for fraud and money laundering serves justice. His clemency request is pending, with bipartisan opposition in Congress.

Senator Cynthia Lummis has led a group of lawmakers urging financial regulators to provide 'fair capital treatment for on-balance sheet treatment of digital assets.' The effort is part of a push by Senate Republicans to clarify crypto capital rules.

Coinbase Chief Policy Officer Faryar Shirzad highlights the CLARITY Act as a potential landmark crypto regulatory framework, comparable to Dodd-Frank. The bill, advancing in the Senate, aims to provide legal clarity for the sector and enable traditional banks to enter the crypto space. Bipartisan support and President Trump's endorsement are cited as factors increasing its chances of passage.

An all-female, bipartisan U.S. Senate delegation is traveling to the Arctic to assess security and infrastructure amid growing geopolitical competition from Russia and China. The trip includes visits to Canada, Greenland, Norway, and Iceland, following past tensions sparked by President Trump's controversial remarks about Greenland.

Rep. Nick Begich introduced the American Reserve Modernization Act (ARMA) to establish a permanent U.S. strategic bitcoin reserve, building on President Trump's March 2025 executive order. The bipartisan bill would authorize the Treasury to acquire up to 200,000 BTC annually for five years, targeting 1 million bitcoin total, with support from more than a dozen co-sponsors in Congress.

The Senate Banking Committee advanced the Digital Asset Market Clarity Act on a 15-9 vote, with two Democrats joining all 13 Republicans to move the bill to the full Senate. The bill aims to build a federal framework for digital asset trading and oversight. It now advances alongside a related bill from the Senate Agriculture Committee.

The Market Structure Debate is centered around the Blockchain Regulatory Certainty Act (BRCA), which determines the fate of the entire bill and affects developer protections. The BRCA clarifies that software developers are not money transmitters under federal law. The provision's survival will determine whether market structure delivers on its promise or cripples the industry.

The US Senate Banking Committee has released a 309-page bill on crypto market structure, aiming to provide clarity and certainty for Americans. The bill includes provisions on stablecoin yield and puts consumers first. It is set to be marked up on Thursday, May 14.

The Senate Banking Committee has scheduled a markup of the Digital Asset Market Clarity Act for May 14, amidst resistance from Democrats and a lobbying blitz from major banks. The bill aims to draw a regulatory boundary between the Securities and Exchange Commission and the Commodity Futures Trading Commission. If passed, it will have significant implications for the cryptocurrency industry.

U.S. lawmakers and White House officials emphasized the need for clear crypto regulations, particularly the Clarity Act, to ensure U.S. leadership in financial innovation ahead of the 2026 election. Senator Cynthia Lummis and digital asset adviser Patrick Witt argued that predictable rules are critical for industry growth and national competitiveness, while warning against the risks of political shifts undermining progress.

U.S. Senator Cynthia Lummis emphasized Bitcoin's role in financial freedom and personal empowerment during a keynote at The Bitcoin Conference. She pledged to push for the stalled Clarity Act in May, a digital asset legislation critical for regulatory clarity, as delays risk moving activity offshore and complicating 2026 midterm prospects.

Over 100 crypto firms and industry groups urged the U.S. Senate to advance the Clarity Act, a bill to establish a federal framework for digital assets. They warned that regulatory uncertainty risks pushing innovation offshore, citing the EU's Markets in Crypto-Assets (MiCA) regulation as a competitive alternative.