Senator Lummis Says CLARITY Act Has Bipartisan Support as Pressure Builds

Add TechGaged as your preferred source on Google

See more TechGaged stories across Google News and Discover.

Add

U.S. Senator Cynthia Lummis says momentum is building behind new crypto legislation, pointing to bipartisan backing and support from the White House as pressure mounts on the Senate to act. Her comments follow a coordinated push from industry groups and advocacy organizations urging lawmakers to advance the CLARITY Act, a proposed framework aimed at defining how digital assets are regulated in the United States.

Political and industry pressure align

Specifically, in an April 23 post on X, Lummis wrote:

“We have bipartisan support. We have the president’s support. This is our moment. Let’s get this done.”

The statement signals growing confidence among pro-crypto lawmakers that a legislative window may finally be opening.

The message builds on a broader campaign led by Club for Growth, which recently sent a formal letter to members of the Senate Banking Committee calling for immediate markup of the bill. 

More than 100 crypto firms have also backed the push, urging lawmakers to move forward on long-delayed market structure rules.

What the CLARITY Act aims to change

At its core, the CLARITY Act seeks to address regulatory uncertainty. 

The proposal outlines clearer jurisdictional boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), and aims to classify digital assets based on their economic function rather than enforcement actions.

Supporters argue that the current approach, often described as regulation by enforcement, has created confusion and driven capital and talent outside the United States. The letter from Club for Growth warns that continued delays risk allowing other jurisdictions to set the standards for digital asset markets.

The proposed framework also focuses on protecting innovation and giving developers and businesses a predictable legal environment.

Advocates say the timing is critical. With other countries already rolling out clearer crypto regulations, U.S. lawmakers face increasing pressure to act before more activity shifts offshore.

In conclusion, the combination of political backing and industry coordination suggests that crypto regulation in the U.S. may be approaching a decisive moment.