Senate to vote on CLARITY Act before August recess, says Sen. Lummis

https://rollcall.com/2025/12/19/cynthia-lummis-wyoming-senate-retire/ Senator Cynthia Lummis has stated she anticipates the Senate will vote on the CLARITY Act before the August recess. The CLARITY Act, known formally as the Digital Asset Market Clarity Act of 2025, seeks to delineate the regulatory authority over digital assets between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The bill has already advanced through the Senate Banking Committee with a 15-9 vote and is seen as a potential framework for U.S. crypto regulation. Market observers are interpreting Lummis’s comments as an indication of legislative momentum, which may influence market perceptions regarding the bill’s prospects of becoming law. The market for the CLARITY Act being signed into law by the end of 2026 currently prices the odds at 15.5% for a YES outcome. This represents a significant drop from 26% just a day ago, suggesting increased uncertainty. Key figures in this process include Senate Banking Committee Chair Tim Scott and Senate Majority Leader Chuck Schumer, who play pivotal roles in scheduling and advancing the bill through the legislative proce...