Senator Lummis | Crypto

The Senate Banking Committee voted to advance the CLARITY Act in May, but it must still pass both chambers of Congress before heading to the president's desk. The United States will lose its leadership position in crypto to other countries, including China, if US lawmakers fail to pass the Digital Asset Market Clarity Act (CLARITY), a crypto market structure bill, according to Wyoming Senator Cynthia Lummis. Passing a comprehensive crypto regulatory framework would “ensure” that other countries “do not write the rules of the next financial era,” Lummis said. She added in a separate X post: In May, the Senate Banking Committee voted to advance the CLARITY Act after the legislation had stalled for months, reviving crypto industry hopes that the bill might be codified into law in 2026. Read more

The Wyoming Republican said that the main issue holding up passage of the bill was stablecoin yield, while adding that she believed a provision on DeFi had been ”put to bed.” Update (March 18 at 6:52 pm UTC): This article has been updated to include a response from Cynthia Lummis beginning in the eighth paragraph. Wyoming Senator Cynthia Lummis, one of the main proponents of a digital asset market structure bill in the US Congress, said that the legislation is getting closer to passage despite “things that [she] did not expect” in 2025.  Speaking at the DC Blockchain Summit hosted by the Digital Chamber on Wednesday, Lummis said she had thought that the crypto industry would already be celebrating a “victory lap” for the market structure bill, which passed the US House of Representatives in July 2025. She said that “the main thing” that had held up the legislation was the fight over stablecoin yield and rewards between banking and crypto industry representatives. Read more

The debate over DeFi and stablecoin reward provisions in the CLARITY Act is at risk of holding the bill back as banking and crypto stakeholders push competing agendas. US Senator Cynthia Lummis reportedly expects the US Senate Banking Committee to delay its hearing on crypto market structure legislation after Coinbase withdrew support for the bill. There were already some murmurs of a CLARITY Act Senate markup delay on Wednesday, which were heightened following an X post from Bloomberg reporter Steven Dennis on Wednesday night, stating: Lawmakers have been consulting with members of the banking and crypto industries over provisions of the CLARITY Act for several weeks. Read more

The Crypto Market Structure Bill, or CLARITY Act, is close to passing, said Senator Lummis, as others predict a huge catalyst for crypto markets. 

On Capitol Hill, Senator Cynthia Lummis wants to make Bitcoin “everyday money.” The Wyoming Republican is quietly drafting legislation that could do what years of evangelism never managed: make buying coffee with Bitcoin practical again. Her proposal, a de minimis tax exemption for small crypto transactions, would let Americans spend a few hundred dollars’ worth […] The post Senator Lummis pushes tax break for small Bitcoin payments. Could it unlock everyday adoption? appeared first on CryptoSlate.

Senator Cynthia Lummis (R‑Wyo.) introduced the 21st Century Mortgage Act on July 29, legislation that aims to bring US underwriting into the digital era by requiring Fannie Mae and Freddie Mac to consider digital assets when assessing single‑family mortgage eligibility.  The bill directs the government‑sponsored enterprises to recognize assets recorded on cryptographically secured ledgers and […] The post Senator Lummis introduces legislation to make Fannie and Freddie count crypto in mortgage risk checks appeared first on CryptoSlate.

Following the passage of key digital asset bills, Senator Lummis says “help is on the way” for crypto innovation in the US and urges developers not to lose faith. After years of lagging behind global competitors, the US may finally be catching up on crypto policy, according to Senator Cynthia Lummis. In the latest episode of “Decentralize with Cointelegraph,” the Wyoming senator said recent developments mark a turning point. “There were at least two significant milestones,” Lummis said, referring to last week’s so-called “Crypto Week” in Congress.  Read more

Senator Cynthia Lummis filed a bill on July 3 that rewrites multiple sections of the Internal Revenue Code to govern how crypto users calculate, defer, and report taxable income. The measure inserts statutory definitions for “digital asset” and “actively traded digital asset,” classifying any cryptographically recorded unit of value as property unless it merely mirrors […] The post Senator Lummis presents bill to insert crypto tax definitions to shield micro-payments, validation rewards appeared first on CryptoSlate.

Senator Cynthia Lummis revealed on June 30 that she would introduce an amendment to add crypto tax language to the “One Big Beautiful Bill” (OBBB) amid pushes from crypto advocates in the same direction. Lummis posted on X that she is drafting an OBBB amendment “to ensure Americans can use digital assets without fear of […] The post Senator Lummis announces OBBB crypto tax amendment while crypto advocates mobilize for approval appeared first on CryptoSlate.

US Senator Cynthia Lummis said the confirmation of Michelle “Miki” Bowman as Vice Chair for Supervision at the Federal Reserve marks a critical shift in the regulatory approach toward digital assets. According to Lummis, the appointment is a “turning point” for crypto policy, and she expects a “brighter future” for the industry ahead. The Senate […] The post Senator Lummis says new Fed vice chair appointment signals ‘brighter future’ for crypto appeared first on CryptoSlate.

Senator Cynthia Lummis told the 2025 Bitcoin Conference in Las Vegas on May 27 that several US military generals endorse building a Bitcoin (BTC) reserve to bolster the nation’s economic deterrence. Lummis said she discussed digital reserves with unnamed senior officers who “understand that economic power is as important as military power in addressing aggressors […] The post Senator Lummis says US military generals support strategic Bitcoin reserve appeared first on CryptoSlate.