Senator Lummis: "If the CLARITY Act misses the current window, it will have to wait until 2030"

DeepFlowTech · 2026-04-12T10:04:56+00:00

U.S. Senator Cynthia Lummis and several industry figures are urging the swift passage of the CLARITY Act, saying this is the last opportunity to secure the future of U.S. finance. Regulators are also showing interest in market-structure legislation, and industry insiders are concerned that the midterm elections could affect the legislative process.

DeepFlowTech

2026-04-12 10:04:56

Abstract generation in progress

Deep Tide TechFlow News, April 12, According to Cointelegraph, U.S. Senator and well-known crypto advocate Cynthia Lummis posted on X platform saying, “This is our last chance to pass the CLARITY Act before at least 2030,” and stated, “We cannot risk the financial future of the United States.”

Former White House AI and crypto affairs chief David Sacks also expressed a similar stance on Thursday, calling for the Senate Banking Committee and the Senate as a whole to pass the Market Structure Act as soon as possible, and said, “President Trump will sign this landmark bill.”

Several industry figures have also spoken out. a16z Crypto managing partner Chris Dixon said, “When rules are clear, both consumers and entrepreneurs will benefit”; Web3 gaming company Immutable founder Robbie Ferguson on April 3 stated, “The CLARITY Act will make the growth of the gaming industry over the past decade look insignificant”; Coinbase CEO Brian Armstrong on Friday said that after months of delays, “it’s time” to push the bill through.

On the regulatory front, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins issued a statement calling on Congress to advance comprehensive market structure legislation. Coinbase Chief Legal Officer Paul Grewal previously said that the bill might be approaching the markup hearing stage in the Senate Banking Committee, but progress depends on whether the controversy over stablecoin yields can be resolved.

Industry insiders generally worry that the U.S. midterm elections in November could change Congress’s priority agenda, weakening the momentum for this highly anticipated crypto legislation.

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