Senator Cynthia Lummis from Wyoming, one tough Republican dame, she’s making noise.
Picture this, a bill to fix the crypto market structure, finally making its way through the wild Senate halls, and landing on the president’s desk by the end of this year, before Thanksgiving, or so says Lummis herself.
Secret sauce
The whole thing didn’t just pop outta nowhere. Earlier this summer, the House paved the way, passing the Digital Asset Market Clarity Act, or the CLARITY Act, with bipartisan backing.
Not just a little, but 78 Democrats threw their support in. So, it’s a cautious, smart bet.
But the Senate? They’re cooking their own version. Tentatively called the Responsible Financial Innovation Act. Lummis says it’s basically CLARITY, but tweaked.
Like when you get your grandma’s secret sauce recipe and decide to add your own kick. They want to respect the House’s work, don’t wanna mess it up much.
The plan? Senate Banking Committee wraps it up by September, then Senate Agriculture gets its hands on it in October.
Both committees working out how the SEC and CFTC should babysit crypto assets, making sure those watchdogs know their job.
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Anti-CBDC Act
Now, let’s talk politics, shall we? Senator Tim Scott, the Senate Banking Committee head, dropped some hopeful hints that around 12 to 18 Democrats might be on board by the time this baby hits the floor for voting.
That’s like getting your rival team to at least consider throwing you the ball in overtime, a big deal.
But wait, the crypto story doesn’t stop there. Congress also passed two other bills during what they called crypto week.
One’s the GENIUS Act, to regulate stablecoins for payments, already signed into law by Trump, the very next day.
Boo-yah. The other? The Anti-CBDC Surveillance State Act, a bill designed to halt the federal government from spying through Central Bank Digital Currencies, CBDCs.
That one? Well, let’s just say it didn’t get much love from House Democrats, only two votes in favor out of 212.
Real action
While all three bills stirred attention, Lummis and her GOP crew are laser-focused on market structure first.
The CBDC regulations? Those are probably getting pushed to next year, 2026, when the Senate feels ready to dance that dance.
So, what’s the big takeaway in this crypto show? After years of screaming for clear rules and a system that makes sense, it looks like the U.S. is finally moving toward putting a firm, bipartisan foot down on crypto regulations.
The market wants stability, investors want clarity, and senators like Lummis? They’re promising some real action real soon.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: August 21, 2025 • 🕓 Last updated: August 21, 2025
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